BigMints billet index rose by INR 200/t d-o-d to settle at INR 40,650/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 16,050/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed by INR 500/tonne (t) d-o-d to INR 37,800/t DAP.
India’s sponge iron (DRI) prices rose by INR 300-850/t d-o-d across major regions. Daily trade volumes were estimated at around 7,250 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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