Category: Billet

BigMint’s billet index declined by INR 400/t d-o-d to INR 43,600/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billet for standalone induction furnaces in Raipur was assessed at around INR 14,000/t. Domestic sponge iron prices declined by around INR 50-300/tonne (t) d-o-d across key regions. Around 5,000 t of sponge iron trade was…