BigMint’s latest bi-weekly assessment for India’s iron ore concentrate (Fe 62%) remained unchanged at INR 4,750/tonne ($53/t) ex-works Jabalpur.
Sponge iron prices across India increased by INR 100-200/tonne (t). Trade volumes recorded around 12,000 t.
BigMint’s billet index increased by INR 200/tonne (t) d-o-d to INR 36,900/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur stood at INR 13,000/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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