BigMint’s bi-weekly assessment for India’s iron ore concentrate (Fe 62%) remained unchanged at INR 4,700/tonne ($53/t) ex-works.
BigMints billet index rose by INR 300/t d-o-d settling at INR 36,250/t ex-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur stood at INR 12,500/t.
Indias sponge iron market recorded modest price gains of between INR 100-400/t across most major regions. Trade volume recored around 12,000t.
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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