Author: Bhupesh Agrawal

Sponge iron prices declined by INR 50-200/t across regions.  In the key Raipur market, prices declined by INR 100/t to INR 25,900/t ex-works. Weak participation and subdued trading activity were observed in the market today. BigMint’s billet index in Raipur declined by INR 300/t d-o-d to INR 42,150/t exw. The conversion spread from pellet-based sponge…