Author: Lipsita Nayak

BigMint’s billet index declined marginally by INR 100/t d-o-d to INR 38,750/t exw-Raipur . The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,850/t. Domestic sponge iron prices declined by INR 100-350/t d-o-d across major markets on continued demand weakness and subdued buying interest. In…