BigMint's daily trade sheet - 3 Mar'26
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BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, rose by INR 300/t ($3/t) INR 10,800/tonne (t) ($117/t) DAP.
Indias sponge iron (DRI) prices remained stable or declined across various regions, with corrections limited to a narrow range of around INR 100-300/t d-o-d.
BigMint's billet index declined by INR 250/tonne (t) d-o-d to INR 41,250/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 13,850/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.


