According to BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices were assessed at INR 5,200/t ($54/t) ex-works, down by INR 50/t ($0.5/t), while Fe 63% concentrate was heard at around INR 5,400/t ($56/t). Market activity remained moderate, with nearly 30,000 t of higher-grade concentrate traded within the prevailing price range.
Indian sponge iron prices moved up by INR 100-300/t d-o-d across major regions, supported by improved market sentiment and good buying activity. Trade volumes were recorded at around 9,800 t.
BigMint’s billet index extended further gains, increasing by INR 200/t day-on-day to INR 39,550/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,300/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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