Author: Manish Vasdev

Indian Induction furnaces margins lift by 20% on improved supply of sponge iron

Jan 11, 2021

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by

Manish Vasdev

in Billet

Conversion spread from sponge iron to billet surged up by 9% in Durgapur & about 17% in Raipur m-o-m in Dec’20. It rose further by 20-21% in both the locations during Jan’21. Currently, the monthly average conversion spread from sponge P-DRI to Billet in Raipur & Durgapur is hovering at INR 14,050/t & INR 13,650/t…