BigMint’s bi-weekly iron ore concentrate index stood stable at INR 4,550/tonne (t) ($52/t) exw-Jabalpur. Meanwhile, Fe 63% iron ore concentrate prices are hovering in the range of INR 4,700-4,900/t ($54-56/t) exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/t d-o-d to INR 35,700/t DAP.
BigMint’s billet index remained steady d-o-d at INR 37,550/tonne (t) exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,250/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.
Leave a Reply