Author: Bhupesh Agrawal

BigMint’s bi-weekly assessment for India’s iron ore concentrate (Fe 62%) remained unchanged at INR 4,700/tonne ($53/t) ex-works. BigMints billet index rose by INR 300/t d-o-d settling at INR 36,250/t ex-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur stood at INR 12,500/t. Indias sponge iron market recorded modest price gains of between INR 100-400/t…