BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained unchanged at INR 9,800/t ($107/t) DAP. deal for around 20,000 t of low-phosphorus pellets (Fe 62.5%) was concluded.
BigMints billet index in Raipur declined sharply by INR 350/t day-on-day to INR 40,650/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces was assessed at around INR 15,450/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 500/tonne (t) d-o-d to INR 38,500/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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