BigMint’s bi-weekly domestic pellet (Fe63%) index, remained stable at INR 10,250/tonne (t) ($120/t) DAP Raipur. Raipur-based sellers concluded the deals at INR 10,200-10,300/t ($119-120/t) exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d at INR 37,700/t DAP.
BigMint’s daily billet index registered a marginal recovery of INR 50/tonne (t) d-o-d to INR 41,350/t exw-Raipur, supported by improved buying interest for semis in the spot market.
Sponge iron prices in India increased by INR 100-300/tonne (t) across markets. The rise in prices is attributed to an upward trend in steel prices. PDRI prices were assessed at INR 25,100-28,000/t, while CDRI prices ranged between INR 27,550-32,500/t.
BigMint’s billet index registered a modest d-o-d rise of INR 200/tonne (t) to INR 41,800/t exw-Raipur, supported by improved buying activity in both semi-finished and finished steel segments.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/t to INR 38,100/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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