As per BigMint’s bi-weekly assessment, Fe 62% iron ore concentrate prices edged down by INR 50/t to INR 5,250/t ($56/t) exw. A deal for around 24,000 t of Fe 62% was heard concluded at INR 5,300/t ($57/t).
BigMint’s billet index extended its uptrend, rising by INR 200/t d-o-d to INR 42,450/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 16,150/t.
Domestic sponge iron prices increased by INR 100-400/t d-o-d across regions. The recorded trade volume today stood at around 10,600 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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