SteelMint's Daily Trade Sheet - 28 Dec'23

SteelMint's weekly Indian low-grade iron ore fines (Fe 57%) export index increased by $1/tonne (t) w-o-w to $93/t FOB east coast on 28 December, 2023. Total deals of 340,000 t fines (Fe54-57%) were recorded from eastern and southern India in the last one week for exports.

Sponge iron prices dipped further on 28 December, 2023, by INR 50-350/t in key locations of India on uncertain market trends. About 16,860 tonnes (t) of sponge iron transactions were recorded in the country on 28 December compared to 15,500 t on 27 December.

SteelMint's billet index declined by INR 100/tonnes (t) d-o-d to INR 39,500/t exw-Raipur on 28 December, 2023. About 1,300 t of billet deals were concluded on 28 December compared to 2,000 t on 27 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.