BigMint's daily trade sheet - 5 Jun'26

BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 9,400/t ($99/t) DAP. Deals for around 45,000 t of pellets were concluded by local pellet producers at INR 9,200-9,400/t exw.

Sponge iron prices largely remained unchanged across regions, with a marginal decline of INR 50/t in the key Raipur market, where prices stood at INR 24,400/t ex-works. Trade volumes witnessed at around 10,800 t.

BigMint's billet index in Raipur remained unchanged day-on-day at INR 38,800/t exw. The conversion spread from sponge iron (PDRI) to billets for the standalone furnaces in the Raipur cluster was recorded at INR 14,400/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.