Author: Lipsita Nayak

India’s sponge iron market witnessed a firm uptrend, with prices increasing by INR 100-350/t across most regions. ponge iron trade volumes rose to around 17,580 t. BigMint’s billet index edged up by INR 350/t d-o-d to INR 39,100/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in…