BigMint’s bi-weekly India iron ore concentrate stood at INR 4,800/tonne (t) ($54/t) exw-Jabalpur, up by INR 50/t ($1/t), Fe 63% iron ore concentrate prices hovered at around INR 5,000-5,100/t ($56-58/t) exw.
BigMint’s billet index declined by INR 250/t d-o-d, settling at INR 36,750/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,050/t.
Sponge iron prices in India declined by INR 100-350/t across major markets and trade volumes remained low, with daily transactions assessed at around 6,700 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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