BigMint’s billet index increased by INR 150/tonne (t) d-o-d, settling at INR 36,700/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets in the Raipur induction furnace steel hub narrowed further to INR 12,850/t.
India’s sponge iron prices witnessed mixed trends, spot offers rose by INR 50-200/tonne (t) in Raipur, Raigarh, and Mandi Gobindgarh, while Bellary and Durgapur recorded price corrections of INR 50-300/t throughout the day.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,000/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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