Author: Bhupesh Agrawal

BigMint’s billet index declined slightly by INR 150/t d-o-d to INR 35,400/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 12,250/t. India’s sponge iron prices fell by INR 150-400/t d-o-d across major producing regions, and around 7,000 t of sponge iron traded. BigMint’s domestic end-cutting…