Author: Bhupesh Agrawal

BigMint’s daily billet index dropped by INR 300/tonne (t) d-o-d, settling at INR 36,500/t exw-Raipur, The spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster settledat INR 13,150/t. India’s sponge iron market continued its downtrend, with prices dropping by INR 50-300/tonne (t) across major regions. BigMint’s domestic end-cutting scrap…