PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,400/t ($110/t) DAP. BigMint recorded deals for around 21,000 t, concluded at INR 10,200-10,300/t ($108-109/t) exw-Raipur by local pellet producers.
BigMint’s billet index in Raipur declined further by INR 150/t d-o-d to INR 41,900/t ex-works. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 16,150/t.
India’s sponge iron prices remained largely stable to slightly downward across regions, with a few markets recording declines of INR 50-300/t while most remained steady. In the benchmark Raipur market, prices fell by INR 150/t to INR 25,750/t ex-works. BigMint recorded trade volumes of around 7,300 t, compared to approximately 10,200 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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