Author: Romil Sethi

The conversion spread (margins) from sponge iron to billets surged by 5% in Raipur and about 6% in Durgapur m-o-m in Feb’22, while in Jan’22 the conversion spread dipped by 1% across both locations. The monthly average conversion from sponge P-DRI to billets in Raipur (in central India) stood at around INR 13,600/t and in…