BigMint’s billet index declined by INR 400/tonne (t) d-o-d to INR 40,500/t exw-Raipur, amid limited buying and persistent weak demand.
Indian sponge iron prices declined by INR 100-600/tonne (t) d-o-d across major locations. Prices continued to decline, as buyers remained wary in an unpredictable environment. PDRI prices closed within INR 23,700-27,300/t, while CDRI settled at INR 26,200-31,200/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 100/t d-o-d to INR 37,000/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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