BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. Deals for around 10,000 t of Odisha-origin material were recorded.
BigMint’s billet index declined by INR 300/t d-o-d, settling at INR 35,500/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,150/t.
Indian sponge iron prices dropped by INR 50-400/tonne (t) d-o-d across major regions. Daily trade volumes were assessed at around 14,300 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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