Author: Romil Sethi

India: Billet makers’ conversion spread down by up to 11% in May

Jun 3, 2022

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by

Romil Sethi

in Billet

The conversion spread from sponge iron to billets dropped by 11% m-o-m in Raipur, while Durgapur saw a dip of around 8% in May 2022. The conversion spread in April 2022 was up by 18% and 4% respectively in both markets. The monthly average conversion spread from sponge P-DRI (pellet-based DRI) to billets in Raipur…