Author: Bhupesh Agrawal

BigMint’s billet index increased by INR 200/t d-o-d to INR 43,150/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,700/t. Sponge iron prices across India increased by INR 200-600/t. Daily trade volumes were estimated at around 5,100 t. BigMint’s domestic end-cutting…