BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, inched up by INR 150/t ($1.5/t) to INR 10,150/t ($110/t) DAP. Around 22,000 t of pellet deals (Fe 63%) were concluded.
BigMint’s billet index increased by INR 300/t day-on-day to INR 40,950/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,000/t.
Sponge iron prices increased by INR 100-500/t d-o-d across major regions. Trade volumes recorded around 21,800 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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