Author: Bhupesh Agrawal

BigMints billet index declined by INR 150/tonne (t) d-o-d to INR 36,350/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was estimated at INR 12,050/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/t d-o-d to INR 34,700/t DAP. Sponge iron prices in India dropped by INR 100-250/tonne…