BigMint’s daily trade sheet – 17 Feb’26

BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,550/t ($117/t) DAP. Around 15,000 t of pellet (Fe 63%) deals were concluded in the market at INR 10,500/t ($116/t) exw Raipur.

Indian sponge iron prices declined by INR 50-500/t across key regions. Trade volumes estimated around 9,000 t.

BigMint’s billet index declined by INR 300/t day-on-day to INR 41,000/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 13,700/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.