Author: Bhupesh Agrawal

India’s domestic sponge iron market remained under pressure, with prices declining by INR 50-200/t d-o-d across most regions. Trade volume recorded at around 14,000t. BigMint’s billet index declined further by INR 200/t d-o-d to INR 38,650/t exw-Raipur, as weak buying interest and aggressive bidding continued to pressure the semi-finished steel market. BigMint’s domestic end-cutting scrap…