Author: Bhupesh Agrawal

BigMint’s billet index rose slightly by INR 200/t, settling at INR 40,150/t exw-Raipur on 17 March 2025. The conversion spread from sponge iron (PDRI) to billets for the standalone furnaces in the Raipur cluster was recorded at INR 15,000/t. Sponge iron prices in India rose INR 50-200/tonne (t) across most markets today compared to the…