PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, surged by INR 300/t to INR 9,850/t ($102/t) DAP. Deals for around 21,000 t of pellets were recorded by Raipur-based sellers at INR 9,700/t exw at revised offers.
The domestic sponge iron market witnessed moderate trading activity. Prices across key regions declined marginally by INR 50-300/t. BigMint recorded sponge iron trade volume of around 18,920 t.
BigMint’s billet index declined by INR 200/t d-o-d to INR 37,900/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,050/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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