Indian sponge iron prices edged down by INR 50-250/tonne (t) in major locations.PDRI market prices closed at a range of INR 23,800-26,500/t while CDRI prices closed at INR 26,000-30,000/t.Only 7,400 t of sponge iron transactions were recorded in the country on 1 August compared to 4,600 t on 31 July.
BigMint’s domestic end-cutting scrap index tracking the Mandi Gobindgarh market remained stable at INR 38,500/t DAP on 1 August, 2024.
BigMint’s billet index inched down further by INR 150/tonne (t) to INR 39,100/t exw Raipur on 1 August, 2024.
The below sheet summarizes 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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