SteelMint Daily Trade Sheet - 31 May'23
SteelMint’s index for Fe 63% concentrate prices stands at around INR 4,700/tonne (t) exw, down INR 350/t, w-o-w. The index is hovering at a four-month low level...
SteelMint's index for Fe 63% concentrate prices stands at around INR 4,700/tonne (t) exw, down INR 350/t, w-o-w. The index is hovering at a four-month low level, as per data maintained with SteelMint. Iron ore concentrate prices in Jabalpur, central India, declined this week.
Sponge iron prices decreased by INR 50-200/t in key locations across the country on unclear market trends. About 11,150 tonnes (t) of sponge iron transactions were recorded on 31 May in India as against 23,390 t on 30 May.
SteelMint's India pellet (Fe 63%, 3% Al) export index FOB east coast edged down by $3/t w-o-w to $94/tonne (t) on 31 May, 2023.
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.
