![\"\"](\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/02\/ts-9feb.png?resize=640%2C607&ssl=1\")
<\/p>\nBigMint’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.<\/p>\n
Sponge iron prices moved up by INR 100-600\/t across regions. Trade volumes recorded around 12,100 t.<\/p>\n
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,800\/tonne (t) DAP.<\/p>\n
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.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
BigMint’s billet index edged lower by INR 50\/t day-on-day to INR 41,750\/t exw, as subdued…<\/p>\n","protected":false},"author":1,"featured_media":56768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-56767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1280%2C720&ssl=1?v=1770708048",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?resize=150%2C150&ssl=1?v=1770708048",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=300%2C169&ssl=1?v=1770708048",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=640%2C360&ssl=1?v=1770708048",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=640%2C360&ssl=1?v=1770708048",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1280%2C720&ssl=1?v=1770708048",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1280%2C720&ssl=1?v=1770708048",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?resize=1115%2C715&ssl=1?v=1770708048",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?resize=800%2C500&ssl=1?v=1770708048",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1024%2C576&ssl=1?v=1770708048",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?resize=540%2C340&ssl=1?v=1770708048",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?resize=400%2C250&ssl=1?v=1770708048",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1280%2C720&ssl=1?v=1770708048","jetpack-related-posts":[{"id":52363,"url":"https:\/\/biztrend24.com\/?p=52363&lang=en","url_meta":{"origin":56767,"position":0},"title":"BigMint’s daily trade sheet – 29 Dec’25","author":"Biz Trend 24","date":"December 30, 2025","format":false,"excerpt":"BigMint's billet index increased sharply by INR 1,400\/tonne (t) d-o-d to INR 39,100\/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 15,250\/t. India's sponge iron pricesrose by INR 500-1,400\/tonne (t) across key producing regions. Daily trade volumes surged to nearly 26,000 t. BigMint's\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53902,"url":"https:\/\/biztrend24.com\/?p=53902&lang=en","url_meta":{"origin":56767,"position":1},"title":"BigMint’s daily trade sheet – 12 Jan’26","author":"Biz Trend 24","date":"January 13, 2026","format":false,"excerpt":"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\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":62313,"url":"https:\/\/biztrend24.com\/?p=62313&lang=en","url_meta":{"origin":56767,"position":2},"title":"BigMint’s daily trade sheet – 1 Apr’26","author":"Biz Trend 24","date":"April 2, 2026","format":false,"excerpt":"BigMint's latest bi-weekly assessment, Fe 62% concentrate prices eased to INR 5,250\/t ($56\/t) ex-works, down by INR 50\/t ($0.5\/t). BigMint's billet index in Raipur surged by INR 1,050\/t day-on-day to INR 42,850\/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-44.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-44.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-44.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-44.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-44.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":60476,"url":"https:\/\/biztrend24.com\/?p=60476&lang=en","url_meta":{"origin":56767,"position":3},"title":"BigMint’s daily trade sheet – 11 Mar’26","author":"Biz Trend 24","date":"March 12, 2026","format":false,"excerpt":"BigMint's latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 5,300\/t ($58\/t) ex-works. BigMint's billet index in Raipur declined further by INR 350\/t d-o-d, settling at INR 41,850\/t exw . The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-12T133423.041.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-12T133423.041.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-12T133423.041.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-12T133423.041.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-12T133423.041.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":56940,"url":"https:\/\/biztrend24.com\/?p=56940&lang=en","url_meta":{"origin":56767,"position":4},"title":"BigMint’s daily trade sheet – 13 Feb’26","author":"Biz Trend 24","date":"February 14, 2026","format":false,"excerpt":"BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,550\/t ($117\/t) DAP. Around 15,000 t of pellet (Fe 62.5-63%) deals were concluded in the market at INR 10,400-10,500\/t ($115-116\/t) exw Raipur. Indian sponge iron prices declined by INR 50-200\/t across key regions. Trade volumes recorded around\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T123053.829.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T123053.829.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T123053.829.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T123053.829.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-14T123053.829.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":57618,"url":"https:\/\/biztrend24.com\/?p=57618&lang=en","url_meta":{"origin":56767,"position":5},"title":"BigMint’s daily trade sheet – 17 Feb’26","author":"Biz Trend 24","date":"February 18, 2026","format":false,"excerpt":"BigMint's bi-weekly domestic pellet (Fe 63%) index for Raipur, remained stable at INR 10,550\/t ($117\/t) DAP. Around 15,000 t of pellet (Fe 63%) deals were concluded in the market at INR 10,500\/t ($116\/t) exw Raipur. Indian sponge iron prices declined by INR 50-500\/t across key regions. Trade volumes estimated around\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T154244.057.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T154244.057.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T154244.057.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T154244.057.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-18T154244.057.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/56767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56767"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/56767\/revisions"}],"predecessor-version":[{"id":56769,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/56767\/revisions\/56769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/56768"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}