Author: Rounak Gairarey

Indian induction furnaces conversion spread (margins) fell about INR 1,000-1,500/MT (USD 14-21) in the last one month due to fall in billet prices and stability in sponge iron owing to rising raw material & substitute products price. As per data compiled by SteelMint, at current prices of Sponge P-DRI and Billet (Induction grade) in Raipur-Central…