BigMints billet index declined by INR 150/tonne (t) d-o-d to INR 36,350/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was estimated at INR 12,050/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/t d-o-d to INR 34,700/t DAP.
Sponge iron prices in India dropped by INR 100-250/tonne (t) across major markets and around 7,000 t of deals concluded.
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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