BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices rose marginally by INR 50/t ($0.5/t) to INR 5,300/t ($57/t) ex-works, while higher-grade Fe 63% material was quoted in the range of INR 5,600-5,700/t ($61-62/t).
BigMint’s billet index in Raipur declined sharply by INR 650/t d-o-d to INR 42,900/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,900/t.
India’s sponge iron prices declined sharply by INR 200-700/t d-o-d across regions.
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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