BigMint’s Odisha iron ore fines (Fe 62%) index rose by INR 150/t (2/t) w-o-w at INR 5,500/tonne (t) ($63/t) ex-mines. Around 250,000 tons of deals were recorded by BigMint in Odisha. Some high-grade fines deals were concluded at INR 5500-5,800/t ($63-66/t) ex-mines amid limited availability of material.
BigMint’s daily billet index fell by INR 50/t today, settling at INR 37,500/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,100/t, reflecting a marginal improvement.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 35,600/t DAP.
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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