Author: Bhupesh Agrawal

India’s sponge iron prices declined by INR 100-300/tonne (t) d-o-d across regions. BigMint recorded sponge iron trade volumes of around 6,300 t. BigMint’s billet index in Raipur declined further by INR 450/t day-on-day to INR 41,200/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster…