Author: Bhupesh Agrawal

BigMint’s billet index rose further by INR 250/tonne (t) d-o-d, settling at INR 36,500/t exw-Raipur, supported by improved buying interest. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,600/t. India’s sponge iron market witnessed mixed price movements as varied regional demand patterns shaped trading activity across…