What is the technical difference between IS 2831 and IS 2830 grades?

IS 2831 refers to carbon steel billets, blooms, and slabs for re-rolling into structural steel, while IS 2830 is the standard for carbon steel ingots for general structural purposes. Billets (100x100mm) are generally preferred by automated rolling mills, whereas Ingots (3.5x4.5 inch) are often used by smaller re-rolling units in North India.

Why is the Raipur Billet Index considered a national benchmark in India?

Raipur is the largest hub for merchant billet production via the Induction Furnace (IF) route. Due to its central location and high liquidity, BigMint’s Raipur Billet Index is used as the base for price discovery across other clusters like Jalna, Durgapur, and even Mandi Gobindgarh.

How does BigMint track global export benchmarks like FOB Black Sea or FOB East Coast India?

Export benchmarks are assessed weekly based on confirmed deals and firm offers for 3SP/4SP grade billets. These prices include bulk shipment timelines (7-8 weeks for India) and reflect the arbitrage opportunity between domestic and international markets.

What is the significance of the Tangshan Billet price for global traders?

Tangshan is the heart of China's steel industry. Daily movements in Tangshan EXW prices signal China's export intent; a sharp drop often leads to an influx of cheaper Chinese billets in SE Asia and Turkey, impacting global CNF Manila and CNF Iskenderun rates.

Why are DAP prices provided for markets like Mandi Gobindgarh and Mumbai?

DAP (Delivered at Place) prices include the freight cost from production hubs (like Raipur or Raigarh) to consumption centers. This helps re-rollers in Mumbai or Mandi Gobindgarh calculate their landed cost of raw material against the selling price of finished TMT or structures.

How do IF-Grade billets for Nepal differ from standard domestic billets?

Billets exported to Nepal via the Raxaul border are typically 100x100mm IF (Induction Furnace) grade. BigMint tracks these in USD to facilitate cross-border trade between Indian secondary mills and Nepalese re-rollers.

What is the typical 'Delivery Period' for domestic semi-finished steel?

In the highly liquid Indian spot market, the standard delivery is 'Within 7 Days.' International shipments (CNF/FOB) carry longer lead times of 4 to 8 weeks depending on vessel availability and port congestion.

Does BigMint monitor the Billet-to-Ingot spread?

Yes. Monitoring the spread between 100mm Billets and 3.5-inch Ingots is crucial for understanding the shifting preferences of re-rolling mills. A narrowing spread often indicates a transition toward higher-quality billet-based rolling.

Billet, Bloom & Ingot Prices – Steel Market Rates Today

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Key Prices

Particular/Delivery/Region

Size/Grade

Price

Min/Max

Tax

Delivery Period

Sentiments

China

CHN

Billet, FOB ChinaEXP

08, May 2026 17:10 IST | Biweekly

3SP (130 x 130 mm)

USD

tax

30-45 days

Turkiye

TUR

Billet, FOB TurkiyeEXP

08, May 2026 17:10 IST | Biweekly

3SP / equivalent (commercial-grade carbon steel billet)

USD

tax

3-6 weeks

India

IND

Billet Index, Exw-Raipur, IndiaDOM

08, May 2026 18:00 IST | Daily

100x100mm, IS 2831

INR

tax

Within 7 Days

+14 more: View city wise prices

	Particular/Delivery/Region	Size/Grade	Min/Max	Tax	Delivery Period	Sentiments

IND	Billet, DAP-Kolkata, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Durgapur, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, Exw-Ramgarh, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, Exw-Rourkela, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, Exw-Raigarh, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Chennai, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, Exw-Hyderabad, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Hindupur, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Mandi Gobindgarh, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Jalna, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, Exw-Goa, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Mumbai, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Ahmedabad, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA
IND	Billet, DAP-Bhavnagar, IndiaDOM 08, May 2026 18:00 IST \| Daily	100x100mm, IS 2831	INR	tax	Within 7 Days	NA

Philippines

PHL

Billet, CNF Manila, PhilippinesIMP

08, May 2026 17:15 IST | Biweekly

150*150, 3SP

USD

tax

Shipment within 4-6 Weeks

China

CHN

Billet, EXW Tangshan, ChinaDOM

08, May 2026 17:54 IST | Daily

150*150mm, Q235

RMB

tax

Shipment within 4-6 Weeks

Moderate

India

IND

Billet, FOB East Coast, IndiaEXP

08, May 2026 18:38 IST | Weekly

150*150, 3SP/4SP

USD

tax

Within 7-8 Weeks

Nepal

NPL

Billet, CNF Raxaul border, NepalIMP

08, May 2026 17:15 IST | Weekly

100*100, IS 2831 (IF Grade)

USD

tax

Within 4-5 Weeks

Moderate

Pakistan

PAK

Billet, Exw Punjab, PakistanDOM

05, May 2026 18:11 IST | Weekly

60 CC

PKR

tax

Immediate

Weak

Iran

IRN

Billet, Exw-Esfahan, IranDOM

25, Feb 2026 17:13 IST | Biweekly

150*150mm, 5 SP (Rial/KG)

IRR

tax

Maximum 2 Days

Moderate

IRN

Billet, FOB Bandar Imam Khomeini, IranEXP

08, May 2026 17:10 IST | Biweekly

130*130, 3SP

USD

tax

Within 4-6 Weeks

Turkiye

TUR

Billet, CNF Iskenderun, TurkiyeIMP

08, May 2026 17:15 IST | Biweekly

120*120, 3SP

USD

tax

Shipment within 4-6 Weeks

Moderate

Russia

RUS

Billet, FOB Black Sea, RussiaEXP

08, May 2026 17:10 IST | Biweekly

130*130, 3SP

USD

tax

Shipment within 4-6 Weeks

India

IND

Ingot, Exw-Raipur, IndiaDOM

08, May 2026 17:59 IST | Daily

3.5 x 4.5 Inch, IS 2830

INR

tax

Within 7 Days

+9 more: View city wise prices

	Particular/Delivery/Region	Size/Grade	Min/Max	Tax	Delivery Period	Sentiments

IND	Ingot, Exw-Rourkela, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, Exw-Raigarh, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, Exw-Muzaffarnagar, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, Exw-Ghaziabad, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, DAP-Mandi Gobindgarh, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, DAP-Ludhiana, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, Exw-Jaipur, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, DAP-Mumbai, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA
IND	Ingot, DAP-Ahmedabad, IndiaDOM 08, May 2026 17:59 IST \| Daily	3.5 x 4.5 Inch, IS 2830	INR	tax	Within 7 Days	NA

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

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