Author: Bhupesh Agrawal

BigMint’s billet index remained stable d-o-d at INR 40,550/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 15,150/t. India’s sponge iron prices showed mixed trend today across the regions. BigMint recorded trade volumes for around 12,700 t. BigMint’s domestic…