BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, decreased by INR 100/tonne (t) to INR 10,250/t ($116/t) DAP. Deals for around 20,000 t were concluded at lower prices.
BigMint’s billet index slipped by INR 150/t d-o-d to INR 36,450/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 13,250/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) to INR 34,100/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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