Author: Bhupesh Agrawal

The Indian billet market witnessed a downturn with BigMint’s index dropping INR 250/tonne (t) d-o-d to INR 37,050/t exw-Raipur. The conversion spread (PDRI to billet) for standalone induction furnaces in Raipur was assessed at INR 13,650/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 35,200/t…