Author: Bhupesh Agrawal

According to BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 5,150/t ($54/t) ex-works. Meanwhile, Fe 63% concentrate was heard at around INR 5,400/t ($56/t) ex-works. BigMint’s billet index extended its recovery, increasing by INR 100/t day-on-day to INR 38,950/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for…