BigMint’s India pellet (Fe 63%, 3% Al) export index (FOB east coast) remained largely stable w-o-w at $98.5/t on 6 November 2024. No export deal was heard concluded so far in this publishing window. The stability in pellet export prices is further reinforced by the inability of Chinese buyers to match the competitive prices offered […]
Hot-rolled coil (HRC) prices fell by up to INR 500/tonne (t) ($6/t) this week to INR 48,300-50,000/t ($575-595/t), amid subdued market activity, characterised by limited demand and need-based buying. Conversely, cold-rolled coil (CRC) prices exhibited stability, maintaining a range of INR 55,700 to 59,100/t ($663-703/t) across various regions. BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, […]