BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, inched down by INR 50/t ($0.5/t) to INR 9,650/t ($108/t) DAP.
BigMint’s billet index rose further by INR 100/t d-o-d, settling at INR 35,950/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,350/t.
The Indian sponge iron market continued to witness bearish momentum and prices corrected by INR 50-200/t d-o-d across major production hubs. Deals for around 7,000 t were concluded.
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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