PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 350/t ($3.5/t) to INR 10,050/t ($106/t) DAP. BigMint recorded deals for around 70,000 t, concluded at INR 9,800-10,000/t ($103-105/t) exw-Raipur.
BigMint’s billet index in Raipur declined marginally by INR 50/t day-on-day to INR 42,100/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 16,300/t.
India’s sponge iron prices remained largely stable, with a mild increase of INR 50-100/t observed in the central and eastern regions. BigMint recorded trade volumes of around 12,700 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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