BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 50/t ($0.5/t) to 10,000/t ($106/t) DAP. BigMint recorded deals for around 30,000 t.
India’s sponge iron prices declined by INR 100-600/t across regions. BigMint recorded trade volumes of around 14,000 t.
BigMint’s billet index declined by INR 350/t d-o-d to INR 40,850/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 15,200/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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