India’s billet market continued to face downward pressure, as BigMint’s daily billet index dropped by INR 200/tonne (t) day-on-day, settling at INR 38,300/t exw-Raipur.
Indian sponge iron prices dropped by INR 50-400/t today in all major locations. PDRI market prices closed at a range of INR 22,000-25,500/t and CDRI prices at INR 24,200-29,300/t.
BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market edged up by INR 100 /t d-o-d, reaching INR 36,300/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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