BigMint’s Odisha iron ore fines (Fe 62%) index increased by INR 100/t ($1/t) w-o-w to INR 5,850/t ($63/t) ex-mines. Deals recorded at around 405,000 t.
BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, decreased by INR 200/t to INR 10,800/t DAP.
BigMint’s billet index in Raipur inched up by INR 50/t d-o-d to INR 41,550/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,250/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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