Author: Bhupesh Agrawal

As per BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices remained unchanged at INR 5,300/t ($58/t) ex-works. BigMint’s billet index eased further by INR 300/t day-on-day, settling at INR 41,450/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 15,300/t.…