BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,700/t ($110/t) DAP.
Sponge iron prices across Indiaslipped by INR 50-200/tonne (t) d-o-d. Daily sponge iron trade volumes remained subdued at around 8,000 t.
BigMint’s billet index in Raipur edged lowerby INR 200/tonne (t) d-o-d. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 12,050/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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