SteelMint

Author: Romil Sethi

  • India: Conversion spread of billet makers down 7-16% in Nov’22

    India: Conversion spread of billet makers down 7-16% in Nov’22

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    by

    Romil Sethi
    in

    In Durgapur and Raipur, the conversion spread from sponge iron (PDRI) to billets fell by 7% and 16%, respectively, in November 2022. On the other hand, in both locations, during October, the conversion spread had increased by 1% and 4%, respectively. SteelMint data indicates that in November, the average monthly conversion spread from sponge P-DRI…