BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, decreased by INR 50/t ($00.5/t) to INR 9,400/t ($103/t) DAP. Around 10,000 t of pellets (Fe 62.5%, low-phosphorous) were sold by a local supplier at INR 9,600/t exw Raipur.
Sponge iron prices across markets strengthened by INR 100-250/t d-o-d due to improved sentiment across the value chain and firmer producer offers. Total trade volume stood at approximately 13,000 t.
BigMint’s billet index extended its upward trend and rising by INR 250/tonne (t) d-o-d to INR 36,600/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 13,900/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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