BigMint’s bi-weekly Iron ore concentrate index for Fe 62% concentrates stood at INR 4,400/t exw ($51/t) exw, remained unchanged, Meanwhile, Fe 63% concentrate prices stood at INR 4,500/t ($52/t) exw, stable as well.
BigMint’s daily billet index recorded a d-o-d rise of INR 150/tonne (t), settling at INR 36,550/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessedat INR 13,050/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market remains steady 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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