BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur increased by around INR 200/t w-o-w to INR 10,800/t DAP Raipur. Pellet offers also moved higher, with local sellers quoting around INR 10,600-10,700/t ($111-112/t) ex-works. Around 27,500 t of deals were reported in the Raipur market during the assessment period, indicating healthy buying activity and allowing sellers to maintain a firm stance.
BigMint’s billet index edged lower by INR 50/t d-o-d to INR 40,900/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 12,400/t.
Domestic sponge iron prices showed mixed movements today, with prices declining by around INR 50-200/t in Mandi and Durgapur, while Raigarh and Rourkela witnessed gains of around INR 200-300/t. Prices across other major regional markets remained largely stable amid balanced availability and cautious trading activity.
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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