BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, inched down by INR 50/t ($0.5/t) to INR 9,700/t ($109/t) DAP. Deals for around 45,000 t were concluded.
India’s sponge iron market recorded modest price gains within the range of INR 100-250/tonne (t) across most markets. Total transactions estimated at around 11,000 t.
BigMint’s billet index inched up by INR 100/t d-o-d, closing at INR 35,450/t exw-Raipur. he PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 11,750/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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