BigMint’s bi-weekly domestic pellet (Fe63%) index inched up by INR 150/tonne (t) ($2/t) to INR 10,250/t ($120/t) DAP Raipur.
Indian sponge iron prices declined by INR 50-300/tonne (t) across major locations. Buyers adopted a wait-and-watch approach due to an unstable market. PDRI prices closed at INR 24,600-27,600/t, while CDRI settled at INR 27,350-31,700/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 200/tonne (t) d-o-d to INR 37,700/t DAP.
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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