BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, increased by INR 200/t ($2.5/t) to INR 9,400/t ($110/t) DAP, Around 10,000 of deals were recorded at INR 9,200/t ($107/t) exw.
BigMint’s daily billet index declined by INR 100/tonne (t) day-on-day, settling at INR 36,400/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,150/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market remained stable d-o-d at 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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