BigMint’s billet index fell by INR 300/tonne (t) d-o-d to INR 35,150/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,050/t.
Sponge iron prices across India declined by INR 100-450/tonne (t). Daily trade volume was assessed at around 7,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/t d-o-d to INR 33,700/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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