Author: Bhupesh Agrawal

India’s iron ore concentrate (Fe 62%) prices stood at INR 4,650/tonne (t) ($52/t) ex-works Jabalpur, marking a modest uptick of INR 100/t ($1/t). BigMint’s billet index fell further by INR 150/t d-o-d, settling at INR 35,150/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,100/t. India’s sponge iron…