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 - 12 Mar'26

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Sponge Iron

BigMint Bureau

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13 Mar 2026, 12:08 IST

India's sponge iron prices showed a mixed trend, prices increased by INR 50-200/t in the central and eastern regions, while the southern market witnessed a decline of INR 100-200/t.

BigMint's billet index for Raipur increased by INR 300/t day-on-day to INR 42,150/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,050/t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 37,900/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.