Author: Bhupesh Agrawal

BigMint’s billet index gained INR 200/t d-o-d, settling at INR 37,700/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for the standalone induction furnaces in the Raipur cluster was assessed at INR 13,500/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d and assessed at INR 35,600/t DAP. Sponge…