PELLEX, BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, increased by INR 150/t to INR 10,300/t ($117/t) DAP. Deals for around 27,000 t were recorded in the Raipur market.
BigMint’s billet index declined marginally by INR 150/tonne (t) d-o-d, settling at INR 37,450/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur stood at INR 13,200/t.
Indian sponge iron pricescorrected by INR 50-150/tonne (t)across key markets, confirmed trade volumes stood at just 4,950 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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