Indian sponge iron prices declined by INR 50-400/tonne (t) today across major locations but rose in Chennai and Raigarh by INR 50-200/tonne (t). PDRI market prices closed within the range of INR 23,300-27,000/t, while CDRI settled at INR 25,500-30,400/t.
BigMint’s daily billet index saw a marginal recovery of INR 100/tonne (t) day-on-day, settling at INR 40,200/t exw-Raipur, backed by improved buying interest in the spot market.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (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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