BigMint’s daily trade sheet – 9 Feb’26

BigMint’s billet index edged lower by INR 50/t day-on-day to INR 41,750/t exw, as subdued downstream demand continued to cap market momentum. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 14,200/t.

Sponge iron prices moved up by INR 100-600/t across regions. Trade volumes recorded around 12,100 t.

BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,800/tonne (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.