BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained unchanged at INR 9,700/tonne (t) ($112/t) DAP. Deals for around 25,000 t of pellets were concluded at INR 9,500-9,600/t exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained firm d-o-d at INR 35,000/t DAP.
BigMint’s billet index was stable at INR 36,700/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets in the Raipur induction furnace steel hub narrowed further to INR 12,800/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.
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