Category: Sponge Iron

Sponge iron prices across major Indian markets witnessed an increase of INR 100-700/t d-o-d on the first trading day of 2026. Overall sponge iron trade volumes were recorded at around 16,000 t. BigMint’s billet index recorded a sharp increase of INR 1,300/tonne (t) d-o-d, settling at INR 40,450/t exw-Raipur. The PDRI-to-billet conversion spread for the…