BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 200/t ($2.5/t) to INR 9,300/t ($108/t) DAP.
BigMint’s billet index registered a d-o-d decline of INR 250/tonne (t), settling at INR 36,850/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,350/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,600/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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