BigMint’s bi-weekly India iron ore concentrate index stood firm at INR 4,800/tonne (t) ($55/t) exw-Jabalpur. Fe 63% iron ore concentrate prices hovered at around INR 5,100/t ($58/t) exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 200/tonne (t) d-o-d to INR 33,900/t DAP.
BigMint’s billet index slipped by INR 50/tonne (t) d-o-d to INR 36,400/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,200/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.
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