Author: Bhupesh Agrawal

BigMint’s billet index increased by INR 150/tonne (t) d-o-d, settling at INR 36,700/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets in the Raipur induction furnace steel hub narrowed further to INR 12,850/t. India’s sponge iron prices witnessed mixed trends, spot offers rose by INR 50-200/tonne (t) in Raipur, Raigarh, and Mandi Gobindgarh,…