BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices were stable at INR 5,250/t ($55/t) ex-works.
India’s sponge iron market remained mostly stable with a mild downward, as prices in a few regions slipped by INR 50-400/t while the majority of markets saw no major change. BigMint recorded trade volumes of around 19,800 t.
BigMint’s billet index in Raipur increased marginally by INR 100/t d-o-d to INR 42,000/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 16,450/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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