BigMint’s billet index slipped INR 100/t d-o-d, settling at INR 36,750/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was assessed at INR 12,750/t.
Indian sponge iron prices weakened across key markets prices decline by INR 100-200/t in most regions, except in Raipur, where the decline was limited to INR 50/t. Confirmed trades totaled around 8,800 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, slightly decreased 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.
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