India’s sponge iron prices witnessed an upward movement, rising by INR 50-600/t across regions. Trade volumes recorded around 20,000t.
BigMint’s billet index rose by INR 250/t d-o-d to INR 40,650/t exw-Raipur. The conversion spread between pellet-based DRI and billets in Raipur was assessed at around INR 15,000/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 100/tonne (t) d-o-d to INR 37,500/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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