BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. Deals for around 17,000 t were recorded in the Raipur market.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose INR 200/t to INR 34,800/t DAP.
BigMint’s billet index edged up by INR 50/t d-o-d, settling at INR 37,000/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,200/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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