India’s sponge iron market witnessed mixed price movements, with spot offers varying across regions, and Approximately 3,450 t deals were concluded.
BigMint’s billet index witnessed a marginal decline of INR 100/tonne (t) d-o-d, settling at INR 37,100/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,400/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 35,800/tonne (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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