BigMint’s daily trade sheet – 1 Apr’26
BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices eased to INR 5,250/t ($56/t) ex-works, down by INR 50/t ($0.5/t).
BigMint’s billet index in Raipur surged by INR 1,050/t day-on-day to INR 42,850/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,450/t.
India’s sponge iron prices increased by INR 200-950/t d-o-d across regions. Trade volume recorded at around 17,000 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.
