Author: Lipsita Nayak

BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate prices were assessed at INR 5,300/t ($58/t) ex-works. BigMint’s billet index in Raipur declined further by INR 350/t d-o-d, settling at INR 41,850/t exw . The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at…