BigMint’s latest bi-weekly assessment for India’s iron ore concentrate (Fe 62%) remained stable at INR 4,900/tonne ($54/t) ex-works Jabalpur.
BigMint’s billet index edged up slightly by INR 150/tonne (t) d-o-d to INR 36,750/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 14,000/t.
Sponge iron prices across major markets increased by INR 50-250/t supported by improved sentiment and firmer offers from key producers. Trade volumes recorded around 8,000 t.
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.
Leave a Reply