Author: Bhupesh Agrawal

BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 9,700/t ($110/t) DAP. Deals for around 18,000 t were concluded. BigMint’s billet index fell by INR 200/tonne d-o-d to INR 35,700/t exw-Raipur. The PDRI-to-billet spread for the standalone induction furnaces in Raipur was assessed at INR 11,950/t. Sponge iron prices across regional markets…