Author: Bhupesh Agrawal

BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. Deals for around 5,000 t were recorded. BigMint’s billet index fell INR 200/tonne (t) d-o-d to INR 36,150/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 12,050/t. Sponge…