BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable at INR 9,400/tonne (t) ($109/t) DAP Raipur on 21 January 2025 compared to the previous assessment on 17 January.
BigMint’s daily assessed billet index fell slightly by INR 150/tonne (t) d-o-d to INR 38,600/t exw-Raipur on 21 January.
The daily assessed India’s sponge iron market witnessed slight corrections on 21 January, with prices declining by INR 50-150/t d-o-d across various locations. PDRI prices stood at INR 22,900-25,500/t today, while CDRI offers were assessed at INR 25,450-30,200/t at the end of the day.
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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