BigMint's Daily Trade Sheet - 2 May'24
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Sponge iron prices fell by INR 50-500/t in almost all key locations across India on 2 May, 2024. About 12,530 t of sponge iron transactions were recorded in the country on 2 May compared to 16,400 t on 1 May.
BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $65.5/t FOB east coast on 2 May 2024.
BigMint's domestic end-cutting scrap index in the Mandi Gobindgarh market declined by INR 200/t d-o-d to INR 41,300/t DAP on 2 May, 2024
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.
