BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 200/t ($2.5/t) to INR 9,100/t ($106/t) DAP Raipur, Deals for around 25,000 t were recorded in Raipur this week.
BigMint’s billet index recorded a d-o-d rise of INR 250/tonne (t), settling at INR 37,000/t exw-Raipur, The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster remained stable at INR 13,750/t.
Indian sponge iron prices moved up by INR 50-550/t today in key markets, while only Chennai showed a slight downtrend of INR 100/t d-o-d, Transactions of 22,900 t were recorded in the country.
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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