BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 200/t to INR 9,700/t ($112/t) DAP, a pellet producer based in Durg finalised deals for around 40,000-50,000 t at INR 9,300/t exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 35,300/t DAP.
BigMint’s daily billet index held steady d-o-d at INR 36,700/tonne (t) exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 13,000/t.
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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