PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63% +/- 0.5%) index for Raipur registered a decline of INR 250/t to INR 11,000/t DAP Raipur. Active pellet manufacturers in Chhattisgarh reduced their offers for Fe 62.5/63% (+/-0.5%) grade pellets by INR 200/t to INR 10,800-10,900/t exw Raipur.
BigMint’s billet index rose by INR 350/t d-o-d to INR 43,950/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billet for standalone induction furnaces in the Raipur cluster was assessed at INR 15,900/t.
Domestic sponge iron prices rose by INR 50-400/t d-o-d across regions, supported by firm sentiment in the finished steel segment. BigMint’s assessment for Raipur PDRI settled at around INR 28,050/t exw, up INR 300/t d-o-d. BigMint recorded sponge iron trades of around 7,500 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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