BigMint’s daily billet index dropped by INR 100/t, reaching at INR 36,750/tonne (t) exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,950/t.
Indian sponge iron prices moved up in the range INR 50-700/t in key markets, while only Raipur and Ramgarh showed a slight downtrend of INR 50-100/t d-o-d.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 35,700/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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