SteelMint Daily Trade Sheet - 30 Nov'22

SteelMint's assessment for Fe 63% concentrate prices currently stands at INR 3,500/tonne (t) exw, stable on 30 November as against the last assessment on 26 November. "Following the export duty announcement and NMDC's recent price revision, iron ore concentrate prices would remain supported and are less likely to fall in the near-term," mentioned Jabalpur-based sellers.

SteelMint's daily sponge iron CDRI index was assessed at INR 31,350/tonne (t) (+ INR 450) exw-Rourkela on 30 November 2022. The index rose on the back of a rally in steel prices, active demand and higher offers floated by suppliers. About 4,050 t of transactions were recorded on 30 November as against 3,250 t on 29 November.

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.