BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,700/t ($110/t) DAP. Deals for around 18,000 t were concluded.
BigMint’s billet index fell by INR 200/tonne d-o-d to INR 35,700/t exw-Raipur. The PDRI-to-billet spread for the standalone induction furnaces in Raipur was assessed at INR 11,950/t.
Sponge iron prices across regional markets in India continued to lose momentum and registering a decline of INR 100-200/t d-o-d. Overall trade volumes were estimated at around 14,000 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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