BigMint's daily trade sheet - 25 Jun'26

The domestic sponge iron market remained largely stable, with prices either unchanged or easing marginally by INR 50-150/t in select regions. According to BigMint's assessment, sponge iron trade volumes stood at around 6,750t .

BigMint's billet index edged lower by INR 100/t d-o-d, settling at INR 38,700/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,650/t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched down by INR 100/tonne (t) d-o-d to INR 38,100/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.