Author: Bhupesh Agrawal

BigMint’s billet index declined marginally by INR 100/t d-o-d to INR 38,700/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,700/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,900/tonne (t) DAP. Sponge iron prices remained…