BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, inched down by INR 50/t to INR 9,500/t ($100/t) DAP.
Sponge iron prices largely remained stable or witnessed a slight increase of INR 50-100/t across most regions. Trading volume recorded was around 12,300 t.
BigMint’s billet index recorded a marginal increase of INR 100/t d-o-d to INR 39,300/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,200/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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