Author: Lipsita Nayak

PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, increased by INR 250/t to INR 10,450/t ($109/t) DAP. Pellet offers also moved higher, with sellers quoting above INR 10,300/t ($107/t) ex-works. BigMint’s billet index increased by INR 200/t d-o-d to INR 39,400/t exw-Raipur. The conversion spread between PDRI and billets for standalone induction furnaces…