Author: Bhupesh Agrawal

BigMint’s billet index recorded a modest decline of INR 100/tonne (t) d-o-d, settling at INR 35,900/t exw-Raipur. The PDRI-to-billet conversion spread for the standalone induction furnaces in Raipur was assessed at INR 12,000/t. India’s sponge iron market witnessed mixed price movements in south India, sponge iron prices inched up by INR 100-500/tonne (t) and east…