Author: Bhupesh Agrawal

Indias sponge iron market recorded modest price increases of between INR 100-400/t across most major regions. BigMint’s billet index in Raipur rose by INR 100/t d-o-d to INR 36,350/t exw. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 12,500/t. BigMint’s domestic end-cutting scrap index,…