BigMint’s daily trade sheet – 13 July’26
BigMint’s billet index remained unchanged at INR 37,450/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 14,500/t.
Indian sponge iron prices showed mixed trends across regions. Prices declined by INR 50-250/t d-o-d across most central and eastern markets. According to BigMint, total recorded sponge iron trades was approximately 18,850 t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 37,200/t DAP. In Mandi, the spread between end-cutting scrap and billets stood in the range of INR 4,400-4,800/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.
