BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 4,500/t ($48/t) ex-works, down by INR 200/t ($2/t) from the previous assessment. Offers for Fe 63% grade concentrate were heard at around INR 5,000-5,200/t ($53-55/t) ex-works.
The domestic sponge iron market witnessed a slight uptick across most regions, with prices increasing by around INR 100-250/t d-o-d. Trade volumes recorded by BigMint stood at around 23,200t.
BigMint’s billet index increased by INR 150/t day-on-day to INR 38,800/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,700/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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