BigMint’s daily trade sheet – 2 Jan’26

BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, rose by INR 100/t ($1/t) to INR 9,700/t ($108/t) DAP. Deals for around 31,000 t were concluded.

Sponge iron prices across major Indian markets increased by INR 100-700/tonne (t) d-o-d. Trade volumes declined slightly by 6% d-o-d to around 16,000 t.

BigMint’s billet index increasing by INR 800/tonne (t) day-on-day (d-o-d) to INR 41,250/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 16,300/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.