BigMint's Daily Trade Sheet - 4 May'24

BigMint's weekly Odisha iron ore fines (Fe 62%) index inched up by INR 50/t to INR 5,000/t ($60/t) ex-mines on 4 May, 2024. No deals of Fe 62% grade from merchant miners were recorded this week. However, BigMint recorded around 200,000 t of iron ore (fines and lumps) deals from Odisha this week amid supportive price sentiments.

BigMint's price assessment for Fe 63% iron ore concentrate stands at INR 4,500/t ($54/t) exw-Jabalpur, up marginally by INR 50/t as against the last assessment on 1 May'24. Around 20,000 t of deals were reported in this publishing window.

Mill scale prices in Kandla inched up by INR 150/t to INR 7,350/t DAP on 4 May'24. Around 28,000 t were booked at around INR 7,000-7,500/t DAP. Few export deals are also under negotiation.

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.