India’s domestic sponge iron market remained under pressure, with prices declining by INR 50-200/t d-o-d across most regions. Trade volume recorded at around 14,000t.
BigMint’s billet index declined further by INR 200/t d-o-d to INR 38,650/t exw-Raipur, as weak buying interest and aggressive bidding continued to pressure the semi-finished steel market.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 38,200/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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