Author: Lipsita Nayak

The domestic sponge iron market remained largely stable, with prices either unchanged or easing marginally by INR 50-150/t in select regions. According to BigMint’s assessment, sponge iron trade volumes stood at around 6,750t . BigMint’s billet index edged lower by INR 100/t d-o-d, settling at INR 38,700/t exw-Raipur. The conversion spread from sponge iron (PDRI)…