BigMint’s bi-weekly index for Fe 62% concentrates stood at INR 4,600/t exw ($54/t) exw, edged up by INR 50/t ($1/t). Meanwhile, Fe 63% iron ore concentrate prices are hovering in the range of INR 4,700/t ($54/t) exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained firm d-o-d at INR 35,600/t DAP.
BigMint’s daily billet index remained rangebound, holding steady at INR 37,500/tonne (t) exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 12,700/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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