BigMint’s billet index declined further by INR 250/tonne (t) d-o-d, settling at INR 40,700/t exw-Raipur, amid ongoing market corrections and cautious optimism in demand.
Indian sponge iron prices declined by INR 200-500/tonne (t) d-o-d across key locations today, though trade momentum improved. PDRI prices were assessed at INR 23,900-27,300/t, while CDRI settled at INR 26,600-31,600/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 300/tonne (t) d-o-d to INR 36,900/t DAP.
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