Author: Bhupesh Agrawal
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BigMint’s daily trade sheet – 22 May’25
Indian sponge iron prices declined by INR 100-300/tonne (t) across major locations in the country. PDRI prices closed within the range of INR 23,000-26,000/t, while CDRI prices settled at INR 25,200-30,300/t. BigMint’s billet index dropped further by INR 150/tonne (t) to INR 39,900/t exw-Raipur. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped…