Domestic Fe 62% iron ore concentrate prices in Jabalpur were assessed unchanged at INR 5,000/t ($56/t) ex-works.
BigMint’s billet index slipping by INR 200/t d-o-d to INR 40,650/t exw Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 15,850/t.
Indias sponge iron (DRI) prices eased by INR 100-400/tonne (t) d-o-d across regions. Daily trade volumes estimated around 5,800 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