PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, edged up by INR 50/t to INR 10,200/t ($107/t) DAP. Deals for nearly 45,000-50,000 t of pellets Fe 62.5/63% were concluded largely at INR 10,150-10,350/t DAP.
BigMint’s billet index edged lower by INR 50/t INR 38,950/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,200/t.
Indian sponge iron prices increased by around INR 50-200/t following stronger trading activity. BigMint recorded sponge iron trade volumes of around10,000 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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