BigMint’s daily trade sheet – 28 Jan’26

BigMint’s latest bi-weekly assessment indicates that iron ore concentrate prices (Fe 62%) in Jabalpur continued to hold firm at INR 5,050/t ($55/t) ex-works.

BigMint’s billet index in Raipur remained firm day-on-day and settling steady at INR 40,650/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,400/t.

Sponge iron prices witnessed a correction of INR 100-200/t d-o-d across regions. Trade volumes estimated around 15,800 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.