BigMint’s billet index registered a sharp increase of INR 750/tonne (t) d-o-d to INR 37,900/t exw-Raipur. The PDRI-to-billet conversion spread for the standalone induction furnaces in Raipur was assessed at INR 14,500/t.
Sponge iron prices across major Indian markets increased by INR 50-550/t and trade volumes were reported at approximately 19,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 500/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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