Iron ore concentrate prices in the region remained stable during the assessment period. According to BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate was assessed at INR 4,450/t ($47/t) ex-works. Fe 63% grade concentrate offers were heard at around INR 4,950/t ($52/t) ex-works.
The Indian sponge iron market witnessed a price increase of INR 50-200/t across most regions. According to BigMint, around 13,000 tof PDRI trade deals were concluded.
BigMint’s billet index edged down by INR 50/t d-o-d to INR 37,950/t exw-Raipur. Approximately 6,800 t of billet transactions were concluded during the session. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,700/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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