Author: Romil Sethi

India: Conversion spread from sponge iron to billets decreases by 12%, m-o-m, in June

Jul 2, 2022

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by

Romil Sethi

in Billet

The conversion spread from sponge iron to billets dropped 12% m-o-m in Raipur and Durgapur in June 2022 continuing the decline seen in May when the m-o-m conversion spread fell 11% in Raipur and 8% in Durgapur. The monthly average conversion spread from sponge P-DRI (pellet-based DRI) to billets in Raipur stood at around INR…