Author: Manish Vasdev

Indian induction furnaces continue to enjoy higher conversion spread (margins) on rising prices. The current margins are high since 2012, as per data available with SteelMint. As per data, at current prices for Sponge P-DRI and Billet (Induction grade), conversion spread stands at INR 16,000-17,000/MT (USD 235-250) which on an average hovers at INR 10,000-12,000/MT…