BigMint’s bi-weekly assessment for India’s iron ore concentrates remained stable at INR 4,700/tonne (t) ($53/t) exw-Jabalpur. Deals for around 20,000-24,000 t were concluded at around INR 4,600-4,700/t exw.
Indian sponge iron prices continued to decline by INR 50-300/tonne (t) d-o-d. Daily trade volume was assessed at around 10,000 t.
BigMint’s billet index declined by INR 50/t day-on-day (d-o-d) to INR 35,450/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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