BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained unchanged at INR 10,550/tonne (t) ($117/t) DAP. Around 20,000 t of pellet (Fe 62.5-63%) were traded in the market at INR 10,200-10,500/t ($116/t) exw-Raipur.
Indian sponge iron prices declined by INR 100-300/t across key regions. Trade volumes estimated around 10,700 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,300/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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