Author: Bhupesh Agrawal

BigMint’s latest bi-weekly assessment indicates that iron ore concentrate prices (Fe 62%) in Jabalpur continued to hold firm at INR 5,050/t ($55/t) ex-works. BigMint’s billet index in Raipur remained firm day-on-day and settling steady at INR 40,650/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was…