Author: Bhupesh Agrawal

BigMint’s bi-weekly India iron ore concentrate index remained firm at INR 4,800/tonne ($54/t) exw-Jabalpur and prices for Fe 63% iron ore concentrate hovered near INR 5,100/t ($58/t) exw. BigMint’s billet index declined by INR 350/t d-o-d, closing at INR 37,100/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur…