BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, held stable at INR 11,000/t ($119/t) DAP.
BigMint’s daily billet index declined by INR 150/t day-on-day to INR 41,750/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 15,200/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,100/tonne (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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