BigMint’s billet index inched up by INR 100/t d-o-d to INR 36,850/t exw-Raipur, The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,150/t.
Sponge iron prices across India slipped by INR 100-200/t d-o-d. Daily trade volumes were assessed at around 11,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 34,800/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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