BigMint's daily trade sheet - 17 Apr'25

Sponge iron prices dropped by INR 100-300/t d-o-d across locations amid selling pressure and weakening market sentiments. Procurement remained slow despite the price reduction. Buyers were wary because of market volatility, which led to slow material movement. PDRI prices were assessed at around INR 24,500-27,500/t at the close of trading today, while CDRI tags were at INR 27,200-31,900/t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dropped by INR 300/tonne (t) d-o-d to INR 37,400/t DAP.

BigMint's billet index dropped by INR 250/tonne (t) d-o-d, to INR 41,150/t exw-Raipur, as weak buying interest continued to weigh on market sentiment.

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.