Sponge iron prices in India decreased today by INR 50-200/tonne (t) across regions due to weakened market sentiment. PDRI prices closed within the range of INR 22,200-25,500/t, while CDRI prices were assessed at INR 24,500-29,500/t.
BigMint’s daily billet index dropped by INR 200/tonne (t) day-on-day (d-o-d), settling at INR 38,800/t exw-Raipur.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,500/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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