BigMint’s latest bi-weekly assessment, Fe 62% concentrate was assessed at INR 5,200/t ($54/t) ex-works.
BigMint’s daily billet index declined further by INR 400/t d-o-d to INR 39,850/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,650/t.
India’s sponge iron prices declined by INR 50-300/t d-o-d across regions. BigMint assessed trade volumes at around 7,300 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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