According to BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 5,150/t ($54/t) ex-works. Meanwhile, Fe 63% concentrate was heard at around INR 5,400/t ($56/t) ex-works.
BigMint’s billet index extended its recovery, increasing by INR 100/t day-on-day to INR 38,950/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,300/t.
Indian sponge iron prices moved up by INR 100-200/t d-o-d across major regions. BigMint recorded sponge iron trade volumes at 9,550 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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