Author: Bhupesh Agrawal

BigMint’s billet index recorded a modest correction of INR 250/t d-o-d, settling at INR 38,700/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,400/t. Domestic sponge iron prices declined by INR 100-300/t d-o-d. Overall sponge iron trade volume stood at around 9,350 t.…