BigMint’s billet index declined sharply by INR 600/t d-o-d, reaching INR 41,500/t exw-Raipur, due to weakened market sentiments and subdued demand.
Indian sponge iron prices declined by INR 50-900/tonne (t) across major locations. Buyers remained cautious in an uncertain market environment, leading to a decline in sponge iron prices. PDRI prices were assessed at INR 24,800-27,500/t at close of trading in the key markets, while CDRI settled at INR 27,300-32,000/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 500/t to INR 37,800/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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