PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, rose by INR 200/t to INR 9,100/t ($96/t) DAP. BigMint recorded around 40,000 t of deals .
The domestic sponge iron market remained under pressure, with prices declining by around INR 50-100/t d-o-d across most regions.
BigMint’s billet index declined marginally by INR 100/t to INR 38,650/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,750/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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