Author: Lipsita Nayak

BigMint’s billet index decreased marginally by INR 100/tonne (t) d-o-d to INR 44,350/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at INR 15,850/t. Domestic sponge iron prices declined by around INR 100-1,000/t d-o-d across major regions amid weak buying interest and surplus…