BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, increased by INR 350/t to INR 11,150/t ($121/t) DAP.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,000/tonne (t) DAP.
BigMint’s billet index in Raipur declined by INR 200/t d-o-d to INR 42,200/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 14,400/t.
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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