India’s sponge iron market witnessed a mixed price trend across regions. Trade volume recorded at around 3,000 t.
BigMint’s billet index in Raipur remained unchanged at INR 42,850/t ex-works. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 15,800/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 39,800/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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