BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. Deals for around 5,000 t were recorded.
BigMint’s billet index fell INR 200/tonne (t) d-o-d to INR 36,150/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 12,050/t.
Sponge iron prices in India declined by INR 100-250/tonne (t) d-o-d across major markets and deals for only around 5,500 t 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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