Author: Bhupesh Agrawal

BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,700/t ($110/t) DAP. Sponge iron prices across Indiaslipped by INR 50-200/tonne (t) d-o-d. Daily sponge iron trade volumes remained subdued at around 8,000 t. BigMint’s billet index in Raipur edged lowerby INR 200/tonne (t) d-o-d. The conversion spread from sponge iron (PDRI) to…