Author: Bhupesh Agrawal

BigMint’s billet index slipped INR 100/t d-o-d, settling at INR 36,750/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was assessed at INR 12,750/t. Indian sponge iron prices weakened across key markets prices decline by INR 100-200/t in most regions, except in Raipur, where the decline was limited to…