India’s sponge iron (DRI) market witnessed a robust upswing, with prices increasing by INR 100-600/t d-o-d across key producing hubs. The day recorded a notable spike in trading, with total sponge iron transactions estimated at 28,000 t.
BigMint’s billet index surged by INR 450/t d-o-d, settling at INR 35,400/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur stood at INR 11,950/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 300/tonne (t) d-o-d to INR 34,400/t DAP.
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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