BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, inched down by INR 50/t ($0.5/t) to INR 10,350/t ($118/t) DAP.
BigMint’s billet index slipped INR 50/tonne d-o-d, closing at INR 37,450/t exw-Raipur. The conversion spread (PDRI to billet) for standalone induction furnaces in Raipur was assessed at INR 13,650/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 35,500/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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