Author: Bhupesh Agrawal

BigMint’s bi-weekly Iron ore concentrate (Fe 63%) index prices in Jabalpur, India, remained unchanged and assessed at INR 4,700/tonne (t) ($55/t) exw. BigMint’s daily billet index declined further by INR 100/tonne (t) d-o-d, settling at INR 36,800/t exw-Raipur, The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster…