PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 9,300/t ($98/t) DAP. Around 23,500 t of pellet deals were recorded by Raipur-based sellers at INR 9,200/t exw in this publishing window.
Sponge iron prices across India fell by INR 50-300/t d-o-d. According to BigMint, approximately 16,000 t of sponge iron trades were recorded.
BigMint’s billet index declined by INR 300/t d-o-d to INR 38,000/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,900/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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