Author: Bhupesh Agrawal

BigMints billet index edged lower by INR 200/tonne (t) d-o-d to INR 39,500/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 15,850/t. Sponge iron prices across major Indian markets declined by INR 50-400/t d-o-d. Trade volumes declined sharply, with daily sponge iron transactions estimated at around 7,000 t. BigMint’s…