BigMint’s billet index rose by INR 150/tonne (t) d-o-d to INR 34,900/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,100/t.
Indian sponge iron prices displayed mixed movements, prices in central India increased by INR 100-250/tonne (t) and correcting by INR 100-150/t in eastern and southern markets.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 33,900/t DAP.
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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