Sponge iron prices across key markets strengthened by INR 50-300/t d-o-d supported by improved sentiment in the steel value chain and firmer producer offers. Total trade volume stood at 11,000 t.
BigMint’s billet index rose by about 1% (INR 350/tonne) day-on-day (d-o-d) to INR 37,250/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 13,200/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 200/tonne (t) d-o-d to INR 36,000/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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