BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,350/t ($118/t) DAP. Deals for around 26,000 t were concluded.
BigMint’s billet index dropped marginally by INR 50/tonne (t) to INR 37,000/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,700/t.
Indias sponge iron prices declined by INR 50-250/tonne (t) across major hubs, An estimated 15,000 t of sponge iron were booked.
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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