India’s sponge iron and steel billet prices along with IF route finish steel prices, recorded a sharp uptick in the second half of todays trading session in major supplying markets like Raipur Durgapur etc. However, till BigMints collection window and assessment timing, no significant trades were reported, with offers quoted on the lower side amid cautious sentiment. Post assessment, mills revised offers upward by between 500-1,000\/t across segments, indicating improved inquiries and trading activities in spot market. Current offers in Sponge iron PDRI stood at between INR 26,300-26,500\/t, while billet prices stood at between INR 40,600-40,700\/t exw Raipur.<\/p>\n","protected":false},"excerpt":{"rendered":"
India’s sponge iron and steel billet prices along with IF route finish steel prices, recorded…<\/p>\n","protected":false},"author":1,"featured_media":58910,"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-58909","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\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=1280%2C720&ssl=1?v=1772343684",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?resize=150%2C150&ssl=1?v=1772343684",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=300%2C169&ssl=1?v=1772343684",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=640%2C360&ssl=1?v=1772343684",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=640%2C360&ssl=1?v=1772343684",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=1280%2C720&ssl=1?v=1772343684",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=1280%2C720&ssl=1?v=1772343684",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?resize=1115%2C715&ssl=1?v=1772343684",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?resize=800%2C500&ssl=1?v=1772343684",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=1024%2C576&ssl=1?v=1772343684",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?resize=540%2C340&ssl=1?v=1772343684",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T114115.431.jpg?resize=400%2C250&ssl=1?v=1772343684",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\/03\/Untitled-design-2026-03-01T114115.431.jpg?fit=1280%2C720&ssl=1?v=1772343684","jetpack-related-posts":[{"id":53184,"url":"https:\/\/biztrend24.com\/?p=53184&lang=en","url_meta":{"origin":58909,"position":0},"title":"India: PELLEX remains stable even as sponge prices inch down","author":"Biz Trend 24","date":"January 7, 2026","format":false,"excerpt":"Sponge iron and billet prices drop this week Moderate pellet trades finalised by Raipur sellers Pellet prices in the Raipur region remained firm over the last couple of days on 6 January, supported by limited but steady trading activity at prevailing offer levels. Market participants indicated that while transactions were\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-2026-01-07T105728.327.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-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T105728.327.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":60476,"url":"https:\/\/biztrend24.com\/?p=60476&lang=en","url_meta":{"origin":58909,"position":1},"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":53229,"url":"https:\/\/biztrend24.com\/?p=53229&lang=en","url_meta":{"origin":58909,"position":2},"title":"India: BigMint’s billet index slips by INR 300\/t d-o-d on weak demand – 6 Jan","author":"Biz Trend 24","date":"January 7, 2026","format":false,"excerpt":"Weak sentiment led further price corrections Finished steel fell by INR 200-300\/t in Raipur BigMint's Billet Index declined by INR 300\/t d-o-d to INR 40,100\/t exw-Raipur on 6 January 2026, amid subdued procurement activity and weak market sentiment. Buyers remained cautious in a bearish environment, restricting purchases strictly to immediate\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-2026-01-07T125301.822.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-2026-01-07T125301.822.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T125301.822.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T125301.822.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-07T125301.822.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":55573,"url":"https:\/\/biztrend24.com\/?p=55573&lang=en","url_meta":{"origin":58909,"position":3},"title":"BigMint’s daily trade sheet – 28 Jan’26","author":"Biz Trend 24","date":"January 29, 2026","format":false,"excerpt":"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. 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BigMint's billet index in Raipur surged by INR 1,050\/t day-on-day to INR 42,850\/t ex-works. 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