SteelMint Daily Trade Sheet - 3 Dec'22

SteelMint's weekly Odisha iron ore fines (Fe 62%) index has moved up by INR 350/t to INR 4,250/t ex-mines on 3 December (including royalty, DMF and NMET). The index has jumped to over six-month high, as per data maintained with SteelMint. The majority of Odisha-based miners raised their offers post rollback of export duties and tight availability of high-grade ore.

SteelMint's daily sponge iron, CDRI, index was assessed at INR 30,750/tonne (t) (- INR 250) exw-Rourkela on 3 December, 2022. The market saw limited buying activity, and the bids were observed to be on the lower side, which had an adverse impact on the market. About 1,000 t of transactions were recorded on 3 December as against 2,300 t on 2 December.

The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.