Author: Bhupesh Agrawal

BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,300/t ($116/t) DAP. BigMint’s billet index fell INR 100/t d-o-d, settling at INR 36,600/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 12,100/t. The Indian sponge iron market remained under pressure, with prices declining by INR 100-200/t…