BigMint's daily trade sheet - 17 Jun'26

According to BigMint's latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 4,800/t ($51/t) ex-works, down by INR 100/t ($1/t). Meanwhile, Fe 63% concentrate was heard at around INR 5,000-5,200/t ($53-55/t) ex-works. 40,000 t of high-grade concentrate transactions were concluded during the assessment period, indicating selective buying interest for premium-grade material.

BigMint's daily billet index registered a marginal rise of INR 50/t d-o-d, settling at INR 38,850/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,800/t.

Domestic sponge iron prices remained largely stable across most regions on the day, with marginal gains of INR 100/t recorded in the Jharsuguda and Hyderabad markets. Total trading activity during the day stood at approximately 9,150 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.