Author: Bhupesh Agrawal

BigMint’s billet index declined by INR 250/t day-on-day to INR 40,500/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 13,600/t. Indian sponge iron prices showed a mixed trend.  Prices declined by INR 100-300/t in the central and eastern regions, while the…