Author: Lipsita Nayak

BigMints latest bi-weekly assessment, Fe 62% concentrate prices held their ground at INR 5,300/t ($58/t) ex-works. Around 30,000 t of Fe 63% trades concluded. BigMint’s billet index in Raipur declined further by INR 350/t day-on-day to INR 42,200/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in the…