BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at NR 10,800/tonne (t) ($117/t) DAP. Raipur based pellet producers sold around 33,000 t pellet at INR 10,600-10,700/t exw.
BigMints billet index edged lower by INR 50/t d-o-d, settling at INR 42,150/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 14,200/t.
Sponge iron prices across India increased by INR 100-400/t, supported by improved bookings in the previous session and continued uptrend in raw material costs.
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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