BigMint’s billet index declined sharply by INR 400/t day-on-day to INR 41,300/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 13,800/t.
Indian sponge iron prices declined by INR 50-250/t across key regions. Trade volumes estimated around 1,600 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/tonne (t) d-o-d to INR 38,000/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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