BigMint’s bi-weekly domestic pellet (Fe 63%) index increased by INR 450/t ($6/t) to INR 9,600/t DAP ($114/t) Raipur on 5 April 2024 compared to the last assessment on 2 April. Around 20,000 t pellet (Fe 63%) deals were recorded at the increased offer of INR 9,550/t ($115/t) DAP Raipur in this publishing window after prices were hiked by local pellet makers.
On 5 April, 2024, the BigMint domestic steel scrap index (end-cutting) at Mandi Gobindgarh rose a significant INR 1,500/tonne (t) to INR 41,200/t DAP. Scrap prices continued to improved for the fifth straight day as shortage in the material persisted in the market.
BigMint’s billet index increased by INR 1,100/t to INR 43,200/t exw Raipur as on 5 April, 2024. Transaction recorded on 5 April were 6,400 t, against 2,800 t on 4 April.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
