BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur declined by INR 150/t ($2/t) INR 10,650/t ($113/t) DAP. BigMint recorded deals for around 30,000 t.
India’s sponge iron prices recorded a marginal decline of INR 50-200/t across regions. Trade volume recorded around 3,000 t.
BigMint’s billet index dropped sharply by INR 550/t day-on-day to INR 41,800/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 15,000/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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