BigMint’s daily trade sheet – 11 Mar’26

BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 5,300/t ($58/t) ex-works.

BigMint’s billet index in Raipur declined further by INR 350/t d-o-d, settling at INR 41,850/t exw . The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 14,800/t.

Indian sponge iron prices witnessed a down trend, prices fell by INR 100-750/t across regions. Trade volumes estimated around 8,950 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.