BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable at INR 9,550/t ($114/t) DAP Raipur on 5 July, 2024 compared to the last assessment on 2 July. Around 15,000 t raw pellets were booked by a buyer from both local and eastern India plants at INR 9,450-9,650/t in this publishing window.
Sponge iron prices in India fell by INR 100-500/tonne (t) across major locations. PDRI prices closed at a range of INR 24,800-26,900/t while CDRI prices were assessed at INR 26,500-30,600/t. About 6,600 t of sponge iron deals were concluded on 5 July against 6,200 t on 4 July.
BigMint’s billet index dropped further by INR 350/t, reaching INR 39,850/t exw-Raipur on 5 July, 2024. Around 1,500 t deals were recorded on 5 July.
The below sheet summarizes 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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