BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,700/t ($108/t) DAP. Deals for around 25,000 t were concluded.
BigMint’s billet index recovered d-o-d by INR 200/tonne (t) to settle at INR 39,700/t exw Raipur. The PDRI-to-billet conversion spread for the standalone induction furnaces in Raipur was assessed at INR 16,000/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,200/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.
Leave a Reply