BigMint’s billet index declined slightly by INR 150/t d-o-d to INR 35,400/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,250/t.
India’s sponge iron prices fell by INR 150-400/t d-o-d across major producing regions, and around 7,000 t of sponge iron traded.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, held steady d-o-d at INR 33,700/t DAP.
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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