Author: Bhupesh Agrawal

BigMint’s billet index increased sharply by INR 1,400/tonne (t) d-o-d to INR 39,100/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 15,250/t. India’s sponge iron pricesrose by INR 500-1,400/tonne (t) across key producing regions. Daily trade volumes surged to nearly 26,000 t. BigMint’s domestic end-cutting scrap index, tracking…