BigMint’s latest bi-weekly assessment highlights a notable upswing in iron ore concentrate prices (Fe 62%) in the Jabalpur region. Prices surged by INR 150/t ($2.5/t) w-o-w to INR 5,200/t ($58/t) ex-works Jabalpur.
BigMint’s billet index extended its upward momentum and rising by INR 300/t day-on-day to INR 41,250/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 14,550/t.
Sponge iron prices moved up by around INR 200-700/t across major regions. Trade volumes were recorded at around 15,200t.
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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