BigMint’s daily trade sheet – 12 Jan’26
BigMints billet index edged lower by INR 200/tonne (t) d-o-d to INR 39,500/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 15,850/t.
Sponge iron prices across major Indian markets declined by INR 50-400/t d-o-d. Trade volumes declined sharply, with daily sponge iron transactions estimated at around 7,000 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 37,000/t DAP.
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.
