BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,400/t ($105/t) DAP. Deals for around 75,000 t of pellets were concluded.
BigMint’s billet index edged lower by INR 200/tonne (t) d-o-d to INR 37,700/t exw-Raipur. he PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 14,500/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 35,700/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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