BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, decreased by INR 100/tonne (t) to INR 10,150/t ($115/t) DAP. Around 47,000 t of deals were recorded in the Raipur market at revised offers from local suppliers.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, edged up by INR 100/tonne (t) to INR 34,300/t DAP.
BigMint’s billet index inched up by INR 100/t d-o-d, closing at INR 36,950/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 13,350/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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