BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, inched up by INR 300/t ($3/t) to INR 10,550/t ($117/t) DAP. Around 67,500 t of pellet (Fe 62.5-63%) deals were concluded in the market at INR 10,300-10,400/t ($114-115/t) exw Raipur.
BigMint’s billet index continued its upward momentum on 10 February 2026, rising by INR 450/t day-on-day to INR 42,200/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 14,300/t.
BigMint’s end-cutting scrap index, tracking Mandi Gobindgarh, rose INR 200/t d-o-d to INR 39,000/t DAP.
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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