BigMint’s billet index climbed up by INR 300/tonne, settling at INR 38,100/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was assessed at INR 13,050/t, reflecting a marginal improvement.
ndia’s sponge iron market witnessed a positive movement, Spot offers increased by INR 100-500/t across key regions, with Rourkela (CDRI) leading the charge, rising by INR 500/t d-o-d.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,100/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.
Leave a Reply