BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, inched up by INR 100/t ($1/t) to INR 10,250/t ($113/t) DAP. Around 27,500 t of pellet deals (Fe 63%) were concluded in the market at INR 10,150/t DAP.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 38,600/t DAP.
BigMint’s billet index recorded a modest recovery of INR 150/t day-on-day to settle at INR 41,150/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for the standalone induction furnaces in Raipur was assessed at around INR 14,400/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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