Author: Romil Sethi
-
India: Conversion spread of billet producers increases by 2-5% in July
The conversion spread from sponge iron to billets rose by 2% in Raipur and 5% in Durgapur in July. However, the conversion dropped 12% in both the regions in June. The monthly average conversion spread from sponge P-DRI (pellet based DRI) to billets in Raipur stood at around INR 15,238/t and in Durgapur at INR…