Author: Bhupesh Agrawal

BigMint’s bi-weekly India iron ore concentrate stood at INR 4,800/tonne (t) ($54/t) exw-Jabalpur, up by INR 50/t ($1/t), Fe 63% iron ore concentrate prices hovered at around INR 5,000-5,100/t ($56-58/t) exw. BigMint’s billet index declined by INR 250/t d-o-d, settling at INR 36,750/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed…