BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, dropped by INR 250/tonne (t)to 10,000/t ($114/t) DAP. Deals for around 33,000 t of pellets were concluded.
BigMints billet index fell by INR 150/t d-o-d to INR 34,500/t exw-Raipur. Around 6,700 tonnes of billet deals were concluded in Raipur.
Sponge iron prices across India continued to weaken, prices declined by INR 50-300/t d-o-d. Trade volumes were estimated at around 9,000 t on a pan-India basis.
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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