BigMint's daily trade sheet - 26 Jun'26

PELLEX, BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur,remained stable at INR 9,100/t ($96/t) DAP. BigMint recorded around 5,000 t of deal.

BigMint's billet index edged up by INR 50/t d-o-d to INR 38,750/t exw-Raipur. Trading activity improved notably, with approximately 3,560 t of billet deals concluded. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,750/t.

India's sponge iron market remained largely stable, with prices either unchanged or easing marginally by INR 50-100/t in select regions. sponge iron trade volumes stood at around 10,200t.

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.