BigMint’s billet index recorded a d-o-d gain of INR 300/tonne (t), settling at INR 36,350/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billet for standalone induction furnaces in Raipur was assessed at INR 13,850/t.
India’s sponge iron market recorded a mixed price trend In the eastern and central region, prices increased by INR 50-200/t and south region declining by INR 100-200/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 34,800/tonne (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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