BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 300/tonne (t) ($2/t) to INR 10,400/t ($119/t) DAP.
BigMint’s billet index rose by INR 100/tonne (t) day-on-day, settling at INR 37,800/t exw-Raipur, The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 13,400/t.
The domestic sponge iron market registered price hikes of INR 50-300/tonne (t) across key regions, with Hyderabad leading the rally at INR 300/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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