As per BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices remained unchanged at INR 5,300/t ($58/t) ex-works.
BigMint’s billet index eased further by INR 300/t day-on-day, settling at INR 41,450/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 15,300/t.
India’s sponge iron prices declined by INR 100-400/t across regions. Trade volumes recorded at around 7,900 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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