Author: Rounak Gairarey
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Indian EAF or Induction Furnaces Margins Remain Supportive
The conversion spread (margins) from Sponge iron or Scrap to MS Billet remained good despite volatility in prices, as per SteelMint’s analysis. As per producers, on an average the required conversion is about INR 12,000-12,500/MT from Pellet sponge to Billet which is currently hovering at INR 13,000-13,500/MT in Raipur & Durgapur. This is quite good…