Author: Lipsita Nayak

Domestic sponge iron prices rose by around INR 300-100/t across regions. In Raipur, PDRI prices settled at around INR 29,300/t, up by INR 600/t. BigMint recorded trade volumes of around 11,000 t. BigMint’s billet index rose by INR 550/t d-o-d to INR 43,550/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billets for standalone…