BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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BigMint's daily trade sheet - 1 Jan'26

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Sponge Iron

BigMint Bureau

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2 Jan 2026, 10:47 IST

Sponge iron prices across major Indian markets witnessed an increase of INR 100-700/t d-o-d on the first trading day of 2026. Overall sponge iron trade volumes were recorded at around 16,000 t.

BigMint's billet index recorded a sharp increase of INR 1,300/tonne (t) d-o-d, settling at INR 40,450/t exw-Raipur. The PDRI-to-billet conversion spread for the standalone induction furnaces in Raipur was assessed at INR 15,900/t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) d-o-d to INR 37,600/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.