BigMint’s daily trade sheet – 29 Jun’26
India’s sponge iron market witnessed a firm uptrend, with prices increasing by INR 100-350/t across most regions. ponge iron trade volumes rose to around 17,580 t.
BigMint’s billet index edged up by INR 350/t d-o-d to INR 39,100/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 14,950/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 38,500/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.
