BigMint’s billet index inched up by INR 100/t d-o-d, settling at INR 36,600/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 13,400/t.
The Indian sponge iron market began September on a subdued tone, with prices declining by INR 50-150/t across major hubs. Confirmed deals totalled around 6,600 t, underscoring muted activity.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 200/t d-o-d to INR 34,300/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.
Leave a Reply