Author: Lipsita Nayak

BigMint’s billet index increased by INR 200/t d-o-d to INR 39,000/t exw-Raipur. Around 3,300 t of billet deals were concluded during the session. The conversion spread between PDRI and billets for standalone induction furnaces in Raipur narrowed further to INR 12,700/t. Domestic sponge iron prices strengthened, with prices increasing by around INR 50-400/t across key…