BigMint’s daily trade sheet – 19 Jun’26

PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, decreased by INR 400/t to INR 8,900/t ($94/t) DAP. BigMint recorded nearly 140,000 tonnes of pellet transactions were concluded by Raipur-based pellet producers over the last couple of days at INR 8,700-8,800/t exw.

India’s sponge iron market remained under pressure during the week. Benchmark pellet-based sponge iron (PDRI, FeM 79 +/-1) prices in Raipur remained unchanged w-o-w, prices edged lower by INR 50/t d-o-d to INR 24,150/t exw. Trade volumes were estimated at around 12,750 t.

BigMint’s billet index declined marginally by INR 50/t d-o-d to INR 38,950/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,800/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.