Author: Romil Sethi
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India: Billets conversion spread slips 3-4% m-o-m in Nov’21
The margin for converting sponge P-DRI to billets, also known as the conversion spread, dropped by 3-4% in Durgapur and Raipur in Nov’21, according to SteelMint’s assessment. These margins were around INR 13,800/tonne (t) in Durgapur and INR 13,100/t in Raipur in Oct’21. On a daily basis, today, (1 Dec’21), the price gap was recorded…