PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur increased by around INR 150/t w-o-w to INR 10,600/t DAP Raipur. Total deals accumulating to 30,000 t for Fe 62.5/63% grade pellets were reported to BigMint from Raipur-based sellers during the assessment period.
BigMint’s billet index increased sharply by INR 1,050/t d-o-d to INR 40,550/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billets for standalone induction furnaces in Raipur narrowed to INR 12,800/t.
Domestic sponge iron prices increased by INR 200-900/t across major regions.PDRI prices rose by around INR 400-800/t across regions, with Raipur PDRI assessed at approximately INR 27,750/t exw Raipur. CDRI prices also moved up by INR 200-900/t, with Rourkela CDRI assessed at around INR 27,900/t exw Rourkela. BigMint recorded trade activity of around 22,000 tonnes.
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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