Odisha’s iron ore prices remained stable this week as trade activities slowed down ahead of the upcoming OMC auction scheduled for 19 February. Market participants expect that the base prices and total offered quantity will be announced in the next couple of days. BigMint’s Odisha iron ore fines (Fe 62%) index inched up by INR […]
Iron
BigMint analysis of iron ore exports from major suppliers and evolving market dynamics in Dec’24
Australia: Iron ore export shipments increase 5% m-o-m in Dec’24 Brazil: Iron ore export shipments down 2% m-o-m in Dec’24 South Africa: Iron ore exports rise 8% m-o-m in Dec India: Iron ore exports rise by 18% m-o-m in Dec Article From Bigmint Intersteelbd
India: Odisha iron ore fines index remains stable ahead of OMC’s Jan auction
Iron ore prices in Odisha remained largely stable this week with need-based procurement seen from steelmakers. Some miners concluded active deals of higher grade lumps for January sales which improved market sentiments slightly but major buyers remained cautious against aggressive procuring. BigMint’s Odisha iron ore fines (Fe 62%) index remained stable at INR 5,200/t ($60/t) […]
Indian iron ore exports drop 10% y-o-y in CY’24. Will downtrend continue in CY’25?
Morning Brief: India’s exports of iron ore, excluding pellets, dropped 10% y-o-y in calendar year 2024 (CY’24). Iron ore exports fell to a little under 30 million tonnes (mnt) from over 33 mnt in CY’23, as per latest data available with BigMint. Shipments had reached a three-year high in CY’23 after the government rescinded a 50% […]
India: Odisha iron ore fines index falls INR 50/t ($0.5/t ) w-o-w
Iron ore prices in Odisha remained under pressure in the first week of CY’25 following lower bids from buyers for raw material purchases. A few miners reduced their prices by INR 200-300/t to encourage trade amid muted buying interest. However, buyers appear to be holding back, anticipating further price reductions before committing to new deals. […]
India: Odisha iron ore fines index falls INR 50/t ($0.5/t ) w-o-w
Iron ore prices in Odisha remained under pressure in the first week of CY’25 following lower bids from buyers for raw material purchases. A few miners reduced their prices by INR 200-300/t to encourage trade amid muted buying interest. However, buyers appear to be holding back, anticipating further price reductions before committing to new deals. […]
India: Sponge iron prices rise on moderate buying – 30 Dec
Sponge iron prices in India rose INR 100-400/tonne (t) across markets today. PDRI prices closed at INR 23,600-26,300/t, while CDRI was at INR 26,300-31,000/t. Sponge prices saw an uptick on Monday. However, following a continuous rise in prices and bookings, buyers opted for need-based purchasing. A moderate transaction volume was recorded today. Transactions for about […]
Why domestic pig iron prices seem to have bottomed out? BigMint analysis.
Indian mills have recently concluded over 10,000 tonnes (t) of pig iron purchases through auctions, which indicated a potential stabilisation in prices. BigMint understands that pig iron prices have bottomed out in the domestic market as cost considerations are likely to deter sellers from offering at lower-than-current levels while raw material prices, too, are expected […]
India: Iron ore exports dip 20% in Nov’24; CY’24 volumes set for yearly decline
*Shipments fall to 1.53 mnt in Nov’24 *Chinese demand takes a beating as steel output drops *CY’24 export volumes may reach around 30 mnt Morning Brief: India’s exports of iron ore (excluding pellets) were recorded at 1.53 million tonnes (mnt) in November 2024 as against 1.97 mnt in October, as per BigMint assessment. India’s iron ore […]
China: Iron ore imports fall 2% m-o-m in Nov’24 on subdued market sentiments
China recorded a fall of 2% m-o-m in iron ore and pellet imports to 101.862 mnt in November 2024 as compared to 103.83 mnt in the previous month, according to the General Administration of Customs. The slight drop followed subdued market sentiments. However, in January-November 2024, the world’s largest iron ore consumer and importer received […]