BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,000/t ($113/t) DAP. Around 15,000 t of deals were concluded.
Sponge iron prices across India declined by INR 50-200/tonne (t) and daily trade volumes were assessed at around 16,000 t.
BigMint’s billet index recorded a marginal decline of INR 50/t d-o-d, settling at INR 34,800/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,050/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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