SteelMint

Author: Romil Sethi

  • India: Conversion spread of billet makers up 2-8% in Sep’22

    India: Conversion spread of billet makers up 2-8% in Sep’22

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    by

    Romil Sethi
    in

    In Raipur and Durgapur, the conversion spread from sponge iron (PDRI) to billets increased by 8% and 2%, respectively in September 2022. In contrast, in both sites the conversion spread in August had fallen by 6%. SteelMint data shows that in September, the average monthly conversion spread from sponge P-DRI (pellet-based DRI) to billets in…