BigMint’s bi-weekly domestic pellet (Fe63%) index fell by INR 100/t ($1/t) to INR 9,800/t ($114/t) DAP Raipur on 7 February 2025 compared to the previous assessment on 4 February. A buyer booked around 10,000 t pellets (Fe63%). The deal was recorded at INR 9,700/t DAP Raipur concluded by a local producer.
The Indian sponge iron market witnessed a downtrend in prices, while only the Bellary market in Karnataka saw prices increasing by INR 50/t d-o-d. In all the other markets prices dropped in the range of INR 50-300/t d-o-d.PDRI prices were assessed at INR 23,600-26,000/t and CDRI prices at INR 25,650-30,300/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 200/tonne (t) d-o-d to INR 36,600/t DAP on 7 February, 2025.
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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