Author: Bhupesh Agrawal

BigMint’s billet index fell by INR 300/tonne (t) d-o-d to INR 35,150/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,050/t. Sponge iron prices across India declined by INR 100-450/tonne (t). Daily trade volume was assessed at around 7,000 t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh…