BigMint’s latest bi-weekly assessment for India’s Fe 62% iron ore concentrate stood at INR 5,000/tonne (t) ($56/t) ex-works Jabalpur, inching up by INR 50/t ($0.5/t).
BigMint’s billet index recovered by INR 150/tonne (t) d-o-d to INR 39,150/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 15,300/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 36,900/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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