Author: Bhupesh Agrawal

BigMint’s latest bi-weekly assessment, Fe 62% concentrate was assessed at INR 5,200/t ($54/t) ex-works. BigMint’s daily billet index declined further by INR 400/t d-o-d to INR 39,850/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 14,650/t. India’s sponge iron prices declined by INR…