BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, stood at around INR 10,650/t DAP. Deals for around 30,000 t were recorded during the assessment window.
India’s sponge iron market recorded a subdued price trend. Trade volumes estimated at around 10,000 t.
BigMint’s billet index rose marginally by INR 100/t d-o-d to INR 42,950/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 15,700/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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