BigMint's Daily Trade Sheet - 18 Apr'24

Indian sponge iron prices edged up by INR 50-500/t in major locations. About 12,600 t of sponge iron transactions were recorded in the country on 18 April compared to 25,550 t on 17 April.

BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index rose by $8.5/t w-o-w to $65/t FOB east coast on 18 April 2024. One deal of 55,000 t was heard for standard Fe 57% fines at $74-75/t CFR China earlier this week. One more deal of 55,000 t was heard at around $77-78/t CFR China recently but it is yet to be confirmed.

Indian CRC export offers to the Europe Union (EU) fell by $5/tonne (t) w-o-w to $735/t CFR Antwerp ($690t FOB east coast India) against $740-745/t CFR Antwerp seen in the previous week. A deal of around 5,000 t has been heard concluded at these above-mentioned price levels.

The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.