BigMint's daily trade sheet - 10 Apr'26

BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur remained stable at INR 10,900/t ($113/t) DAP. BigMint recorded deals for around 5,000 t concluded at INR 10,800/t exw Raipur by local pellet producers.

BigMint's billet index in Raipur declined marginally by INR 150/t day-on-day to INR 42,950/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 16,250/t.

India's sponge iron prices declined by INR 200-500/t d-o-d across regions. The recorded trade volume stood at around 7,800 t.

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.