PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, edged up by INR 50/t to INR 10,150/t ($107/t) DAP. Deals for nearly 20,000 t of pellets Fe 62.5/63% were concluded largely at INR 10,000-10,100/t DAP from Raipur-based sellers.
Sponge prices declined by INR 100-300/t day-on-day across most regions due to limited buying activity and weak finished steel demand. BigMint recorded approximately 15,000 t of sponge iron trades during the day.
BigMint’s daily billet index edged lower by INR 50/t d-o-d to INR 38,350/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 13,250/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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