Author: Prashasti Giri
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India’s billet-sponge iron spread widens in H1CY’25 despite steel prices plunging to 4-year lows
Sponge iron sees sharper price drop y-o-y than billets Falling thermal coal tags pressure sponge iron prices Billets witness better export demand than sponge iron Morning Brief: The conversion spread from pellet-based sponge iron (PDRI) to steel billets in the key secondary steelmaking hub of Raipur in central India widened y-o-y in January-June 2025 (H1CY’25),…