BigMint’s bi-weekly iron ore concentrate index was stable at INR 4,800/tonne (t) ($54/t) exw-Jabalpur. Meanwhile, Fe 63% iron ore concentrate prices are hovering in the range of INR 4,950-5,100/t ($56-58/t) exw.
BigMint’s billet index stayed unchanged d-o-d at INR 37,000/tonne (t) exw-Raipur. The PDRI-to-billet spread 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, remained unchanged d-o-d at INR 34,900/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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