PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur. Pellet prices in Raipur remained firm, with producers maintaining offer levels amid constrained spot supply and healthy order book positions.
BigMint assessed Raipur PDRI prices at INR 25,350/t, down INR 100/t, while prices across key markets fell by INR 50-400/t, with sharpest correction observed in Raigarh. BigMint recorded overall trade volume of around 13,000 t.
BigMint’s billet index declined by INR 200/t day-on-day to INR 38,400/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster narrowed further to INR 13,050/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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