BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 200/t to INR 10,000/t ($109/t) DAP. deal for around 10,000 t pellets (Fe 62.5%) was concluded.
BigMint’s billet index declined by by INR 150/t d-o-d to INR 40,800/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,050/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 38,400/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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