India’s iron ore concentrate (Fe 62%) prices stood at INR 4,650/tonne (t) ($52/t) ex-works Jabalpur, marking a modest uptick of INR 100/t ($1/t).
BigMint’s billet index fell further by INR 150/t d-o-d, settling at INR 35,150/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,100/t.
India’s sponge iron market continued to face downward pressure on 5 November 2025, with prices correcting by INR 50-300/t d-o-d.
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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