BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,400/t ($103/t) DAP. Raipur-based producers kept their offers for 62.5/63% (+/-0.5%) material stable at INR 9,300-9,600/t ($102-106/t) exw recently.
Sponge iron prices across major Indian markets recorded an increase of INR 100-350/t. Trade volumes were reported at approximately 12,000 tonnes.
BigMint’s billet index surged sharply by INR 550/tonne (t) d-o-d to settle at INR 37,350/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 14,450/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.
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