PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,800/t DAP. BigMint recorded deals for around 30,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 200/tonne (t) d-o-d to INR 37,700/t DAP.
BigMints billet index extended its upward trend, rising by INR 300/t d-o-d to INR 40,950/t exw-Raipur. The conversion spread between pellet-based DRI and billets in Raipur was assessed at around INR 15,150/t.
The conversion spread between pellet-based DRI and billets in Raipur was assessed at around INR 15,150/t.
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