BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,050/t ($106/t) DAP. BigMint recorded deals for around 5,000 t, concluded at INR 9,900/t ($104/t) exw-Raipur by local pellet producers.
BigMint’s billet index in Raipur declined by INR 300/t d-o-d to INR 41,700/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 15,850/t.
Sponge iron prices declined across major regions by INR 100-300/tonne (t) on weak demand and oversupply pressure. Trading volumes were low, with total activity around 3,000 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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