Author: Bhupesh Agrawal

Sponge iron prices across major Indian markets rose by INR 100-300/t d-o-d. Trading volumes saw a sharp uptick, with an estimated 20,000 t of sponge iron booked. BigMint’s billet index recovered by INR 250/t d-o-d, settling at INR 35,800/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur stood at INR 12,050/t. BigMint’s domestic…