BigMint's daily trade sheet - 29 May'26

BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, inched down by INR 50/t to INR 9,500/t ($100/t) DAP.

Sponge iron prices largely remained stable or witnessed a slight increase of INR 50-100/t across most regions. Trading volume recorded was around 12,300 t.

BigMint's billet index recorded a marginal increase of INR 100/t d-o-d to INR 39,300/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,200/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.