BigMint's Daily Trade Sheet - 26 Aug'24
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BigMint's billet index has inched up by INR 100/tonne (t), reaching INR 38,450/t exw-Raipur on 26 August, 2024. Around 2,200 t of deals were recorded on 26 August, against 1,000 t on 24 August.
Sponge iron prices in India rose by INR 50-500/tonne (t) across markets. PDRI prices were assessed at INR 23,500-26,500/t and CDRI prices at INR 25,950-30,000/t. About 16,300 t of sponge iron transactions were recorded in the country on 26 August compared to 4,500 t on 23 August.
BigMint's domestic end-cutting scrap index tracking the Mandi Gobindgarh market rose by INR 100/tonne (t) to INR 37,100/t DAP on 26 August, 2024.
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.