BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 300/t d-o-d to INR 43,000/t DAP. In Mandi, the spread between end-cutting scrap and billets stood in the range of INR 4,800-5,300/t.
Indian ferro chrome prices remained stable w-o-w at INR 119,000/t ($1,240/t) exw-Jajpur . Market conditions remained firm, with deals for around 3,750 t concluded during the week. Rising met coke costs and healthy buying interest continued to support prices.
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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