Sponge iron (DRI) prices in India edged up by INR 100-500/t on a d-o-d basis across regions. Daily trade volumes esrimated around 8,350 t.
BigMint’s billet index declined sharply by INR 350/tonne d-o-d to INR 41,150/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 15,750/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) d-o-d to INR 38,800/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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