Sponge iron prices across markets witnessed a day-on-day (d-o-d) decline of INR 100-650/t. Approximately 5,000 tonnes of sponge iron deals were concluded.
BigMint’s billet index declined by INR 150/t day-on-day (d-o-d) to INR 34,650/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,550/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 600/t to INR 33,000/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