BigMint’s billet index declined marginally by INR 100/t d-o-d to INR 38,700/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,700/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,900/tonne (t) DAP.
Sponge iron prices remained largely stable across regions, with only marginal corrections of INR 50-100/t recorded in select markets. Total traded sponge iron volumes stood at around approx 9,000 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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