Author: Bhupesh Agrawal

BigMint’s billet index edged lower by INR 100/t day-on-day to INR 38,800/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,700/t. Indian sponge iron prices declined by INR 50-200/t d-o-d across major regions on subdued demand and weak market sentiment. According…