BigMint’s daily trade sheet – 5 May’25

BigMint’s billet index rose marginally by INR 150/tonne (t) d-o-d, settling at INR 40,450/t exw-Raipur on 5 May 2025,

BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market edged up by INR 100 /t d-o-d, reaching INR 36,900/t DAP on 5 May 2025.

Sponge iron prices in India decreased by INR 100-300/tonne (t) in Bellary and Ramgarh due to weakened market sentiment. However, prices in other regions edged up in the range of INR 50-400/t.

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.