Author: Bhupesh Agrawal

BigMint’s latest bi-weekly assessment, Fe 62% concentrate prices eased to INR 5,250/t ($56/t) ex-works, down by INR 50/t ($0.5/t). BigMint’s billet index in Raipur surged by INR 1,050/t day-on-day to INR 42,850/t ex-works. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,450/t.…