BigMint’s latest bi-weekly assessment for India’s iron ore concentrate (Fe 62%) prices are unchanged at INR 4,800/tonne (t) ($53/t) ex-works Jabalpur.
BigMint’s billet index posted a modest gain of INR 100/tonne (t) day-on-day (d-o-d), settling at INR 36,550/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 13,450/t.
BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market remained stable d-o-d at INR 35,500/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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