Indian sponge iron prices increased by INR 50-200/t across regions. Trade volumes were recorded at around 5,650 t.
BigMints billet index inched up by INR 50/t day-on-day to INR 39,950/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 13,850/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/tonne (t) d-o-d to INR 36,800/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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