Author: Rounak Gairarey
-
India: Sponge to Billet Conversion Spread Remains Supported Despite Falling Offers
As per data maintained with SteelMint, the conversion spread (margins) from sponge iron to MS Billet remained supported despite falling prices on less demand. According to the Industry participants, the benchmark conversion required is about INR 12,500/MT from Sponge P-DRI to Billet which is currently in the range of INR 12,500-13,000/MT in Raipur & INR…