BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 9,600/t ($101/t) DAP. Around 14,000 t of pellet deals were concluded in Raipur at INR 9,400-9,500/t exw by local pellet producers.
Domestic sponge iron prices largely remained stable across most regions, with marginal corrections of INR 50-150/t observed in select markets amid subdued demand. Overall trading activity recorded during the day was around 7,950 t.
BigMint’s billet index declined marginally by INR 50/t d-o-d to INR 38,750/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,600/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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