BigMint’s bi-weekly domestic pellet (Fe63%) index, dropped by INR 200/tonne (t) ($2/t) to INR 9,950/t ($116/t) DAP Raipur. Pellet prices in Raipur declined this week, driven primarily by need-based purchases at lower trade values.
Indian sponge iron prices declined by INR 100-350/tonne (t) d-o-d across major markets, PDRI prices closed at INR 24,700-27,500/t, while CDRI settled at INR 26,700-31,500/t.
BigMint’s billet index dropped by INR 250/tonne (t) d-o-d, settling at INR 40,750/t exw-Raipur, as limited buying interest and continued market uncertainty kept sentiments subdued.
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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