BigMint’s bi-weekly assessment for Fe 62% concentrate stood unchanged at INR 4,600/t ($48/t) ex-works, while Fe 63% concentrate offers were heard at around INR 4,900/t ($52/t) ex-works. BigMint’s bi-weekly domestic pellet Fe 63% index for Raipur increased by INR 250/t w-o-w to INR 10,450/t ($109/t) DAP.
India’s sponge iron market strengthened, with prices rising by INR 100-500/t across major regions. Bigmint recorded overall 17,000 t sponge iron trade volume.
BigMint’s billet index increased by INR 400/t d-o-d to INR 39,800/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster widened to INR 12,700/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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