The Indian sponge iron market exhibited mixed trends, with prices increasing by INR 100-200/tonne (t) in the eastern and central regions, however, southern markets witnessed a price decline of INR 100-200/t. Trade activity saw a significant surge, with confirmed sponge iron transactions reaching around 27,000 t.
BigMint’s billet index gained by INR 150/tonne (t) d-o-d to INR 35,600/t exw-Raipur. Approximately 7,300 t of billet deals were recorded in Raipur, marking a 102% increase in trading volume from the previous session.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d at INR 33,800/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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