BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,350/t ($117/t) DAP and deals for around 10,000 t were concluded.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/t to INR 34,700/t DAP.
BigMints daily billet index fell by INR 200/tonne d-o-d, settling at INR 36,600/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,450/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