The Indian sponge iron market remained under pressure, with prices declining by INR 100-200/t across major regions. Trading remained muted amid the festive season, with around 8,000 t of deals confirmed.
BigMint’s billet index edged down by INR 50/tonne (t) d-o-d, closing at INR 36,700/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,100/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) to INR 34,700/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.
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