Author: Bhupesh Agrawal

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 iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was recorded at around INR 16,000/t. Indian sponge iron prices declined by INR 50-200/t d-o-d across regions. The recorded trade volume today stood…