PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63% +/- 0.5%) index for Raipur remained unchanged at INR 11,250/t DAP Raipur. Around 40,000 t of pellet deals were reported during the assessment period, indicating continued procurement interest from consumers, including volumes contributing from Odisha market as well.
BigMint’s billet index increased marginally by INR 150/t d-o-d to INR 44,600/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 15,400/t.
Domestic sponge iron prices declined by around INR 100-200/t d-o-d across major regions. Festive-day celebrations in some regions further slowed market momentum and kept trading activity subdued. In Raipur, PDRI prices settled at around INR 29,200/t, down by INR 200/t. BigMint recorded sponge iron trades of around 5,000 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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