BigMint's daily trade sheet - 24 Apr'26

PELLEX, BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,400/t ($110/t) DAP. BigMint recorded deals for around 55,000 t, concluded at INR 10,200-10,300/t ($108-109/t) exw-Raipur by local pellet producers.

Indian sponge iron prices declined again by INR 100-400/t d-o-d across regions. BigMint recorded trade volumes for around 5,700 t, compared to approximately 4,800 t in the previous session, indicating weak market activity.

BigMints billet index in Raipur declined further by INR 100/t day-on-day to INR 42,050/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 16,100/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.