BigMint’s bi-weekly iron ore concentrate index stood at INR 4,700/tonne (t) ($54/t) exw-Jabalpur, up by INR 100/t ($1/t), w-o-w.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 36,800/t DAP on 5 March 2025.
India’s sponge iron prices increased by INR 100-500/tonne (t) d-o-d across key locations. PDRI prices were assessed at INR 24,300-27,200/t at the close of trading, while CDRI tags stood at INR 26,600-31,100/t. Transactions of approximately 9,600 t of sponge iron were recorded on 5 March, compared to 11,900 t on 4 March.
The following sheet summarises confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics
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