BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, decreased by INR 50/t to INR 11,100/t ($121/t) DAP. around 16,000 t of deals were recorded at INR 10,900-11,000/t exw Raipur by local pellet producers.
India’s sponge iron prices declined by INR 100-200/t. Trade volumes were recorded at around 4,000 t.
BigMint’s billet index declined by INR 300/t day-on-day to INR 41,850/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 14,950/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.
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