India’s sponge iron market witnessed a notable price increase by INR 100-300/tonne (t) d-o-d.
BigMints billet index continued its upward trajectory, rising by INR 150/tonne (t) d-o-d to INR 34,950/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,150/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, surged by INR 200/t to INR 33,300/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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