BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP.
BigMint’s billet index fell INR 100/t d-o-d, settling at INR 36,600/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,100/t.
The Indian sponge iron market remained under pressure, with prices declining by INR 100-200/t across regions. trade volumes were reported at around 3,800 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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