Author: Bhupesh Agrawal

BigMint’s daily billet index dropped by INR 100/t, reaching at INR 36,750/tonne (t) exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,950/t. Indian sponge iron prices moved up in the range INR 50-700/t in key markets, while only Raipur and Ramgarh…