{"id":72594,"date":"2026-07-19T16:27:29","date_gmt":"2026-07-19T10:27:29","guid":{"rendered":"https:\/\/biztrend24.com\/?p=72594"},"modified":"2026-07-19T16:27:29","modified_gmt":"2026-07-19T10:27:29","slug":"india-bigmints-billet-index-rebounds-on-stronger-buying","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=72594&lang=en","title":{"rendered":"India: BigMint&#8217;s billet index rebounds on stronger buying"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Positive cues from north India, neighbouring markets help lift prices<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Finished steel prices strengthen d-o-d, boosting billet demand<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>BigMint&#8217;s billet index increased by INR 250\/t d-o-d to INR 37,800\/t exw-Raipur on 17 July 2026, supported by improved buying interest and a sharp increase in bookings across the semi-finished steel segment. Stronger procurement in both billet and sponge iron helped firm spot prices, marking a recovery after an extended period of subdued market activity.<\/p>\n<p>The market remained volatile throughout the trading session, with positive price cues from northern India lifting sentiment. Improved demand for semi-finished steel encouraged buyers to return to the market, resulting in bookings across a range of price levels. Market participants noted that after several weeks of weak procurement, buying from neighbouring markets picked up, significantly improving trading volumes and supporting the upward movement in prices.<\/p>\n<p>The recovery in billet demand was also accompanied by stronger activity in the finished steel segment. Improved orders for long steel products encouraged rerollers to increase billet procurement, while healthier buying across nearby producing regions further supported market sentiment.<\/p>\n<p>Approximately 5,100 t of billet transactions were concluded in the Raipur region during the session, compared with 1,800 t booked in the previous trading session, highlighting a substantial improvement in market participation.<\/p>\n<p>Finished steel prices strengthen:<\/p>\n<p>The improvement in downstream demand was reflected in finished steel prices. In the Raipur market, rebar prices increased by INR 100\/t d-o-d, while wire rod prices rose by INR 400\/t, supported by stronger trading activity and improved bookings throughout the day. The recovery in finished steel provided additional support to billet demand, encouraging rerollers to replenish inventories.<\/p>\n<p>Sponge iron gains on renewed restocking:<\/p>\n<p>Sponge iron prices in the Raipur cluster increased by INR 350\/t d-o-d, backed by revived buying interest and a significant increase in restocking activity by billet producers. Improved procurement, combined with firm sentiment in the billet market, enabled producers to raise offers during the session.<\/p>\n<p>The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,250\/t.<\/p>\n<p>Rationale:<\/p>\n<p>This index is derived based on transactions, offers, bids, and indicative price data sets. Transactions are considered T1 and given a weightage of 50%, whereas other data sets are considered as T2 and given a weightage of the balance 50%.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Transactions (T1) &#8211; Seven trades at INR 37,700-37,900\/t were recorded during the 10:30 am to 5:30 pm BigMint trading window and considered for final price calculation as T1 inputs. The average of these transactions was INR 37,790\/t, which was given a 50% weightage in the final price calculation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Other price indicators &#8211; bids\/offers\/indicatives (T2) &#8211; Fourteen offers were reported in the trading window and considered as T2 inputs. The average price of these fourteen was INR 37,818\/t and given a 50% weightage in the final price calculation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>The final price of billets was INR 37,804\/t exw-Raipur, rounded off to INR 37,800\/t exw.<\/p>\n<p><a id=\"menura6g\" class=\"fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn\" title=\"https:\/\/d3bz26k9g3a6xf.cloudfront.net\/assets\/nwbm\/docs\/methodology_pricing_standards_manual_final.pdf\" href=\"https:\/\/d3bz26k9g3a6xf.cloudfront.net\/assets\/nwbm\/docs\/Methodology_Pricing_Standards_Manual_Final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Link Click here for detailed methodology\" data-lf-fd-inspected-kn9eq4rjqny4rlvp=\"true\">Click here for detailed methodology<\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-770779\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/07\/RPRTS-11.png?resize=640%2C508&#038;ssl=1\" alt=\"\" width=\"640\" height=\"508\" \/>\u00a0<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-770780\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/07\/Table-11.png?resize=640%2C893&#038;ssl=1\" alt=\"\" width=\"640\" height=\"893\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Positive cues from north India, neighbouring markets help lift prices Finished steel prices strengthen d-o-d,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":72595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-72594","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\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=1280%2C720&ssl=1?v=1784456842",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?resize=150%2C150&ssl=1?v=1784456842",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=300%2C169&ssl=1?v=1784456842",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=640%2C360&ssl=1?v=1784456842",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=640%2C360&ssl=1?v=1784456842",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=1280%2C720&ssl=1?v=1784456842",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=1280%2C720&ssl=1?v=1784456842",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?resize=1115%2C715&ssl=1?v=1784456842",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?resize=800%2C500&ssl=1?v=1784456842",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=1024%2C576&ssl=1?v=1784456842",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?resize=540%2C340&ssl=1?v=1784456842",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?resize=400%2C250&ssl=1?v=1784456842",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-19T162710.946.jpg?fit=1280%2C720&ssl=1?v=1784456842","jetpack-related-posts":[{"id":70054,"url":"https:\/\/biztrend24.com\/?p=70054&lang=en","url_meta":{"origin":72594,"position":0},"title":"India: BigMint&#8217;s billet index rises as sellers raise offers, demand stays moderate","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Higher offers failed to attract strong buying interest. Buyer participation remained selective throughout the session. BigMint's billet index edged up by INR 350\/t d-o-d to INR 39,100\/t exw-Raipur on 29 June 2026, supported by improved market sentiment and selective bookings across the semi-finished steel segment. The previous trading session witnessed\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70211,"url":"https:\/\/biztrend24.com\/?p=70211&lang=en","url_meta":{"origin":72594,"position":1},"title":"India: Alang melting scrap prices stable following improved trading amid news of Punjab power cuts","author":"Biz Trend 24","date":"July 1, 2026","format":false,"excerpt":"Scrap buyers remain cautious amid subdued steel trade Semis, finished steel prices decline despite supply concerns Ship-breaking melting scrap prices in Alang remained stable d-o-d on 1 July 2026, with HMS (80:20) assessed at INR 34,200\/t ex-yard, as market participants maintained a cautious approach amid limited buying activity and sufficient\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53229,"url":"https:\/\/biztrend24.com\/?p=53229&lang=en","url_meta":{"origin":72594,"position":2},"title":"India: BigMint&#8217;s billet index slips by INR 300\/t d-o-d on weak demand &#8211; 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. 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Raw material trends remained mixed, while project activity supported consumption. Weak demand and cautious procurement pressured prices across steel and raw material segments. Infrastructure investments and export activity provided selective support amid broader market Iron ore and pellet: PELLEX,\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-51.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-51.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-51.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-51.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-51.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\/72594","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=72594"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/72594\/revisions"}],"predecessor-version":[{"id":72596,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/72594\/revisions\/72596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/72595"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}