BigMint’s bi-weekly assessment for Fe 62% concentrate inched up by INR 50/t ($0.5/t) to INR 5,000/t ($53/t) ex-works on 14 October 2026. Seller indications ranged from INR 4,700/t ($49/t) to INR 5,200/t ($55/t), while Fe 63% concentrate offers were heard at around INR 5,300/t ($58/t). Prices remained supported by limited supply and stable pellet prices.
BigMint’s billet index increased by INR 350/t d-o-d to INR 44,500/t exw-Raipur. The conversion spread between PDRI and billet for standalone induction furnaces in Raipur was assessed at INR 16,350/t.
BigMint’s Fe 69% mill scale assessment for Kandla increased by INR 200/t ($2/t) to INR 7,700/t ($81/t) DAP Kandla, while Raipur prices declined by INR 100/t ($1/t) to INR 7,400/t ($78/t) ex-works against the last assessment held on 10 October 2026. Meanwhile, Jalna prices edged up by INR 100/t ($1/t) to INR 6,450/t ($68/t) ex-works against the last assessment.
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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