Author: Bhupesh Agrawal

Sponge iron (DRI) prices in India edged up by INR 100-500/t on a d-o-d basis across regions. Daily trade volumes esrimated around 8,350 t. BigMint’s billet index declined sharply by INR 350/tonne d-o-d to INR 41,150/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 15,750/t. BigMint’s domestic end-cutting…