BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 8,900/t ($104/t) DAP Raipur. Around 80,000 t of deals were recorded in Raipur.
India’s sponge iron market exhibited mixed pricing trends, with prices rising by INR 100-300/tonne (t) in central and eastern regions. Pan-India, approximately 10,900 t of sponge iron were booked.
BigMint’s daily billet index remained range-bound, holding steady at INR 36,700/tonne (t) exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,950/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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