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SteelMint Daily Trade Sheet - 7 Dec'22

SteelMint’s assessment for Fe 63% concentrate prices currently stands at INR 3,500/tonne (t) exw on 7 December, stable as against the last assessment on 3 Decem...

Concentrates

BigMint Bureau

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8 Dec 2022, 10:40 IST

SteelMint's assessment for Fe 63% concentrate prices currently stands at INR 3,500/tonne (t) exw on 7 December, stable as against the last assessment on 3 December. Meanwhile, deals of 70,000 t were heard at INR 3,200-3,500/t exw this week.

SteelMint's daily sponge iron, CDRI index, was assessed at INR 31,700/tonne (t) (+ INR 400) exw-Rourkela on 7 December, 2022. Market optimism helped the index to rise. Sources told SteelMint that as a result of the deals that led to today's price increase. About 4,250 t of transactions were recorded on 7 December as against 9,420 t on 6 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.