BigMint’s billet index declined by another INR 200/t day-on-day, settling at INR 35,800/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,200/t.
The Indian sponge iron market remained under pressure, with prices declining by INR 50-350/tonne (t) across regions. Trading activity stayed muted, with around 11,000 t of deals confirmed.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 100/tonne (t) d-o-d to INR 34,200/t DAP.
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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