PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, dropped by INR 200/t to INR 9,600/t ($98/t) DAP. BigMint recorded a few deals totalling around 10,000 t, concluded at INR 9,500/t ($97/t) exw-Raipur.
India’s sponge iron prices declined sharply by INR 200-600/t across major regions. Trading activity continued at lower levels today, with total traded volumes reported at around 5,500 t, compared to nearly 6,700 t.
BigMint’s billet index declined for the second consecutive day, falling by INR 250/t d-o-d to INR 38,800/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur 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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