BigMint’s latest bi-weekly assessment shows that iron ore concentrate (Fe 62%) prices in Jabalpur remained firm at INR 5,300/t ($58/t) ex-works.
BigMint’s billet index declined by INR 200/t day-on-day 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 13,500/t.
India’s sponge iron market witnessed mixed price movements d-o-d. Daily trade volumes were estimated at around 3,600 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.
Leave a Reply