BigMints billet index rose by INR 600/t to INR 44,300/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 16,500/t.
Sponge iron prices rose by INR 100-700/t, with gains concentrated mainly in the eastern region. In Raipur, prices settled at around INR 27,800/t, up INR 300/t, reflecting firm sentiment. Total trade volume in the region reached around 16,000 tonnes.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, advanced by INR 400/tonne (t) to INR 42,000/t DAP. In Mandi, the spread between end-cutting scrap and billets stood in the range of INR 6,000-6,400/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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