BigMint’s billet index increased by INR 400/t at INR 40,500/t exw-Raipur on 1 April, 2024. Total transactions recorded on 1 April were 5,700 t as against 2,800 t on 29 March.
India’s sponge iron market witnessed a rise in prices on 1 April ranging from INR 100-550/t in all major locations. PDRI prices were assessed at a range of INR 26,000-27,500/t while CDRI prices were at INR 27,000-31,600/t. About 37,440 t of sponge iron transactions were recorded in the country on 1 April compared to 9,500 t on 29 March.
BigMint’s domestic steel end-cutting scrap index for Mandi Gobindgarh rose by INR 400/t to INR 38,000/t DAP. Increase in scrap prices across grades in the region was largely due to scarcity of scrap.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
