PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 9,300/t ($98/t) DAP. Around 24,000 t of pellet deals were recorded by Raipur-based sellers at INR 9,000-9,200/t exw.
BigMint’s billet index declined by INR 250/t to INR 37,600/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 14,600/t.
Sponge iron prices declined by INR 50-200/t across markets, with the exception of Raigarh, where prices increased by INR 50/t. According to BigMint, total recorded sponge iron trades stood at approximately 11,000 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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