BigMint’s billet index rose slightly by INR 200/t, settling at INR 40,150/t exw-Raipur on 17 March 2025. The conversion spread from sponge iron (PDRI) to billets for the standalone furnaces in the Raipur cluster was recorded at INR 15,000/t.
Sponge iron prices in India rose INR 50-200/tonne (t) across most markets today compared to the previous trading session. Only Raigarh witnessed a drop of INR 100/t. PDRI prices closed at INR 23,900-27,100/t and CDRI at INR 26,550-31,200/t.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, held steady d-o-d at INR 36,600/tonne (t) DAP on 17 March 2025.
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.
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