BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. Deals for around 5,000 t were recorded in the Raipur market.
BigMint’s billet index declined by INR 150/t d-o-d, settling at INR 36,050/t exw-Raipur. The sponge iron(PDRI)-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,050/t.
The Indian sponge iron market remained under pressure, with prices declining by INR 50-100/tonne across major regions. Daily trade volumes stood at approximately 10,000 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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