BigMint’s bi-weekly assessment for India’s iron ore concentrate (Fe 62%) stood firm at INR 4,700/tonne ($53/t) ex-works Jabalpur.
India’s sponge iron market witnessed a strong upward movement, with prices rising by INR 100-500/tonne (t) across key producing regions. Daily trade volumes surged to nearly 30,000 t.
BigMint’s billet index rose by INR 350/tonne (t) d-o-d settling at INR 34,800/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,350/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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