BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 50/t to INR 9,950/t ($113/t) DAP, around 48,000 t pellet deals were concluded in Raipur.
India’s sponge iron market witnessed a strong upward rally, with prices increasing by INR 100-700/t (t) day-on-day (d-o-d). Trade volumes rose sharply to nearly 32,000 t.
BigMint’s billet index rose sharply by INR 600/tonne (t) day-on-day (d-o-d), settling at INR 35,550/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,150/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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