Author: Lipsita Nayak

According to BigMint’s latest bi-weekly assessment, Fe 62% iron ore concentrate was assessed at INR 4,450/t ($47/t) ex-works. Meanwhile, Fe 63% concentrate offers were heard at around INR 4,950/t ($52/t) ex-works. BigMint’s billet index fell slightly by INR 50/t d-o-d to INR 37,550/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets…