Author: Lipsita Nayak

BigMint’s billet index surged by INR 1,300/t d-o-d to a two-year high of INR 45,200/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billet for standalone induction furnaces in the Raipur cluster was assessed at INR 15,950/t. Domestic sponge iron prices surged by around INR 1,100-1,300/t d-o-d. BigMint’s Raipur PDRI prices settled…