BigMint's daily trade sheet - 22 Jun'26

BigMint's billet index declined marginally by INR 100/t d-o-d to INR 38,750/t exw-Raipur . The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,850/t.

Domestic sponge iron prices declined by INR 100-350/t d-o-d across major markets on continued demand weakness and subdued buying interest. In the key Raipur market, prices fell by INR 200/t to INR 23,900/t ex-works. Overall sponge iron trade volumes stood at approximately 10,300 t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,800/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.