SteelMint

Author: Romil Sethi

  • India: Conversion spread slightly falls m-o-m in Jan’22

    India: Conversion spread slightly falls m-o-m in Jan’22

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    by

    Romil Sethi
    in

    The conversion spread (margins) from sponge iron to billets dipped by 1% m-o-m in Raipur and Durgapur in Jan’22. According to SteelMint’s assessment, these margins were at around INR 12,900/t in Raipur and INR 13,600/t in Durgapur during Jan’22. It may be recalled, the conversion spread (margins) from sponge iron to billets had increased by…