BigMint's Daily Trade Sheet - 20 Aug'24
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BigMint's bi-weekly domestic pellet (Fe63%) index remained stable at INR 8,950/t ($107/t) DAP Raipur as of 20 August, 2024, compared to 16 August. Around 21,000 t of pellets (Fe62.5%) were sold by eastern India-based producers at INR 8,300/t DAP Raipur.
Sponge iron prices in India increased by INR 50-650/tonne (t) across markets. PDRI market prices closed within the range of INR 23,800-26,500/t, while CDRI prices ranged from INR 26,000-30,000/t. Approximately 15,600 t of sponge iron transactions were recorded in the country on 20 August, up from 8,800 t on 16 August.
BigMint's billet index increased by INR 450/tonne (t), settling at INR 39,000/t ex-works Raipur on 20 August, 2024. Approximately 1,600 t of transactions were recorded 20 August, compared to 700 t on 16 August.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.
