According to BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices were assessed at INR 5,250/t ($54/t) ex-works, unchanged from 16 May, while Fe 63% concentrate prices held steady at around INR 5,500-5,600/t ($58-59/t).
BigMint’s billet index declined further by INR 250/t d-o-d to INR 39,250/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,250/t.
India’s sponge iron prices declined by INR 100-400/t across regions. BigMint recorded trade volumes of around 18,400 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.
Leave a Reply