BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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BigMint's daily trade sheet - 27 Jan'25

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Sponge Iron

BigMint Bureau

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28 Jan 2025, 11:58 IST

India's sponge iron prices climbed up by INR 150-600/tonne (t) across regions, Deals for about 15,300 t of sponge iron were recorded on 27 January 2025 compared to 9,900 t on 24 January 2025.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed up by INR 500/tonne (t) d-o-d to INR 37,200/t DAP on 27 January 2025.

BigMint's billet index increased by INR 600/tonne (t) d-o-d to INR 39,400/t exw-Raipur on 27 January 2025. In Raipur, rebar prices surged by INR 600/t, with deals totalling 2,300 t concluded. Similarly, wire rod tags increased by INR 400/t with 3,000 t deals were confirmed. Sponge iron prices in Raipur also saw a notable rise of INR 600/t on 27 January 2025.

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.