BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,650/t ($108/t) DAP. Suppliers concluding deals for around 20,000 t in Raipur.
BigMint’s billet index dropped by INR 200/tonne (t) d-o-d to INR 34,900/t exw-Raipur. Market activity stayed largely sluggish throughout the session.
Sponge iron prices across India fell by INR 100-350/tonne (t) d-o-d, as weak market sentiment persisted amid subdued finished steel demand.
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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