Author: Bhupesh Agrawal

BigMint’s billet index gained INR 250/tonne d-o-d, settling at INR 37,750/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 13,250/t, showing a marginal improvement over the previous session. Sponge iron prices in India moved up today, with spot offers rising by INR 100-450/tonne…