BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 100/t ($1/t) to INR 9,500/t ($106/t) DAP. Deals for around 15,000 t of pellets were concluded.
BigMints billet index softened by INR 100/tonne (t) d-o-d to INR 37,700/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 14,550/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 36,000/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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