BigMint’s daily trade sheet – 14 July’26
PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, rose by INR 200/t to 9,400/t ($99.5/t) DAP. Pellet producers in Raipur lifted offers for Fe 62.5/63% (0.5%) grade pellets to INR 9,300-9,400/t ($97-98/t) exw.
BigMint’s billet index increased by INR 150/t d-o-d to INR 37,600/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,300/t.
The Indian sponge iron market witnessed a slightly positive trend, with prices increasing by around INR 50-400/t across major regions. BigMint recorded sponge iron trade volume of around 9,000 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.
