BigMint's daily trade sheet - 25 May'26

BigMint's billet index recorded a moderate recovery of INR 400/t d-o-d, rising to INR 39,450/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,250/t.

India's sponge iron prices moved up by INR 100-300/t d-o-d across major regions, supported by improved market sentiment and stronger buying activity. Trade volumes estimated at around 22,200 t.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/t d-o-d to INR 37,500/tonne (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.