BigMint’s billet index for Raipur dropped INR 250/t d-o-d to INR 42,050/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 16,150/t.
India’s sponge iron prices declined by INR 50-400/tonne (t) d-o-d across regions. BigMint recorded trade volumes of around 10,200 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 38,900/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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