BigMint’s daily billet index dropped by INR 300/tonne (t) d-o-d, settling at INR 36,500/t exw-Raipur, The spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster settledat INR 13,150/t.
India’s sponge iron market continued its downtrend, with prices dropping by INR 50-300/tonne (t) across major regions.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 400/tonne (t) d-o-d to INR 35,200/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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