BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,500/tonne (t) ($116/t) DAP. Around 10,000 t of pellets (Fe 62.5%) were traded in the market at INR 10,500/t ($116/t) exw-Raipur.
Indian sponge iron (DRI) pricesdeclined by INR 50-450/t d-o-d. Daily trade volumes were estimated at around 5,600 t.
BigMint’s billet index declined by INR 200/t d-o-d to INR 39,750/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.
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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