BigMint’s bi-weekly India iron ore concentrate index remained firm at INR 4,800/tonne ($54/t) exw-Jabalpur and prices for Fe 63% iron ore concentrate hovered near INR 5,100/t ($58/t) exw.
BigMint’s billet index declined by INR 350/t d-o-d, closing at INR 37,100/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,000/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 34,500/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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