Author: Bhupesh Agrawal

BigMint’s billet index was steady d-o-d at INR 40,650/t exw-Raipur on 2 February 2026, even as weak demand and cautious buyer sentiment limited market participation. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,150/t. Sponge iron prices were largely stable with select…