As per BigMint’s latest bi-weekly assessment, Fe 62% concentrate held at INR 5,250/t ($55/t) ex-works.
Sponge iron prices dropped by INR 50-300/t (t) d-o-d across regions. BigMint recorded trade volumes of around 10,200 t.
BigMint’s billet index declined marginally by INR 50/t d-o-d to INR 42,150/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 15,800/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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