Author: Bhupesh Agrawal

BigMint’s billet index declined by another INR 200/t day-on-day, settling at INR 35,800/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,200/t. The Indian sponge iron market remained under pressure, with prices declining by INR 50-350/tonne (t) across regions. Trading activity stayed muted, with around 11,000 t of deals…