BigMint’s bi-weekly Iron ore concentrate (Fe 63%) index prices in Jabalpur, India, remained unchanged and assessed at INR 4,700/tonne (t) ($55/t) exw.
BigMint’s daily billet index declined further by INR 100/tonne (t) d-o-d, settling at INR 36,800/t exw-Raipur, The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,250/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,700/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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