BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($117/t) DAP. Deals for around 42,000 t were recorded in the Raipur market.
BigMint’s billet index inched up by INR 50/tonne (t) d-o-d to INR 36,850/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was assessed at INR 12,950/t.
Indian sponge iron prices showed mixed movement with gains of INR 50-200/t in the eastern and central regions, and the southern market saw a decline of INR 50-100/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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