BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 100/t ($1/t) to 9,900/t ($103/t) DAP. BigMint recorded deals for around 30,000 t, concluded at INR 9,700-9,800/t ($101-102/t) exw-Raipur.
Indian sponge iron prices declined by INR 100-400/tonne (t) d-o-d across regions. BigMint recorded trade volumes of around 8,100 t.
BigMint’s billet index in Raipur declined by INR 300/t day-on-day to INR 40,250/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 14,850/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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