Author: Romil Sethi
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India: Conversion spread of billet producers increases by 1-4% in Oct’22
In October 2022, the conversion spread from sponge iron (PDRI) to billets increased in Raipur and Durgapur by 4% and 1%, respectively. In contrast, the conversion spread had increased by 2% and 8%, respectively, in both markets in September. According to SteelMint data, the average monthly conversion spread in Raipur and Durgapur from sponge P-DRI…