Author: Lipsita Nayak

BigMint’s billet index declined for the second consecutive day, falling by INR 150/t d-o-d to INR 39,850/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,350/t. India’s sponge iron prices declined by INR 100-400/t d-o-d across major markets , amid subdued trading activity…