BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained unchanged at INR 10,100/t ($115/t) DAP, deals for around 30,000 t were concluded.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/t d-o-d to INR 35,600/t.
BigMint’s billet index declined further by INR 200/tonne d-o-d, settling at INR 37,550/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,200/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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