BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,450/t ($105/t) DAP. Around 20,000 t of pellets (Fe 62.5%, low-phosphorous) was sold.
BigMint’s billet index declined further by INR 200/tonne (t) d-o-d, dropping to INR 36,150/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for the standalone furnaces in the Raipur cluster was recorded at INR 13,550/t.
Sponge iron prices across India declined by INR 50-300/tonne (t) day-on-day. Daily sponge iron trade volumes estimated at around 3,000 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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