BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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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...

Concentrates

BigMint Bureau

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1 Jun 2023, 10:35 IST

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.