BigMint’s billet index remained stable d-o-d at INR 40,550/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 15,150/t.
India’s sponge iron prices showed mixed trend today across the regions. BigMint recorded trade volumes for around 12,700 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 200/tonne (t) d-o-d to INR 38,600/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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