BigMint’s billet index rose further by INR 250/tonne (t) d-o-d, settling at INR 36,500/t exw-Raipur, supported by improved buying interest. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,600/t.
India’s sponge iron market witnessed mixed price movements as varied regional demand patterns shaped trading activity across the major producing hubs. Daily trade volumes were estimated at 13,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 35,700/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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