BigMint's daily trade sheet - 2 Jun'26

BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, inched down by INR 100/t to INR 9,400/t ($99/t) DAP. Deals for around 15,000 t of pellets were concluded by local pellet producers at INR 9,200-9,400/t exw.

Domestic sponge iron prices declined by INR 100-200/t day-on-day across major regions due to sluggish market movement and weak downstream demand. Overall, sponge iron trading activity stood at approximately 25,300 t.

BigMint's billet index edged higher by INR 100/t d-o-d to INR 38,850/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was assessed at INR 14,400/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.