Indian sponge iron prices declined by INR 50-450/t across key markets and confirmed trades were recorded at around 10,500 t.
BigMint’s billet index fell by INR 300/t d-o-d, settling at INR 36,800/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in the Raipur cluster was assessed at INR 13,000/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (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.
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