Author: Lipsita Nayak

PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur,remained stable at INR 9,100/t ($96/t) DAP. BigMint recorded around 5,000 t of deal. BigMint’s billet index edged up by INR 50/t d-o-d to INR 38,750/t exw-Raipur. Trading activity improved notably, with approximately 3,560 t of billet deals concluded. The conversion spread between pellet-based direct reduced…