Author: Lipsita Nayak

PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, remained unchanged at INR 10,200/t ($107/t) DAP. Total deals of 33,000 t of Fe 62.5/63% grade pellets were reported. BigMint’s billet index decreased marginally by INR 100/t d-o-d to INR 38,800/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone…