BigMint’s bi-weekly domestic pellet (Fe63%) index dropped by INR 150/t ($2/t) to INR 8,800/t ($105/t) DAP Raipur as of 30 August 2024, compared to 27 August. Around 5,000 t of pellets (Fe63%) were sold by Raipur pellet producers at revised offers of INR 9,000/t ($107/t) DAP Raipur.
Sponge iron prices in India rose by INR 50-200/tonne (t) d-o-d across key markets. PDRI market prices closed in the range of INR 23,600-26,500/t, and CDRI prices closed at INR 26,100-30,000/t. About 5,850 t of sponge iron transactions were recorded in the country on 30 August compared to 9,200 t on 29 August.
BigMint’s billet index inched up by INR 50/t, reaching INR 38,350/tonne (t) exw-Raipur on 30 August, 2024. The conversion spread from sponge iron (PDRI) to billets for standalone furnaces in the Raipur region was recorded at INR 13,600/t.
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.
Leave a Reply