Author: Manish Vasdev

India billet prices increased by INR 1,200-1,500/MT within last 10 days, However, conversion spread from Sponge Iron remains the same. Indian billet manufacturers conversion spread in Raipur & Durgapur from Sponge P-DRI grade are hovering at around INR 8,100-8,500/MT similar to last few months. As per market participants, minimum cost to conversion is INR 9,000-10,000/MT.…