Author: Bhupesh Agrawal

BigMint’s latest bi-weekly assessment for India’s iron ore concentrate (Fe 62%) remained stable at INR 4,900/tonne ($54/t) ex-works Jabalpur. BigMint’s billet index edged up slightly by INR 150/tonne (t) d-o-d to INR 36,750/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 14,000/t. Sponge iron prices…