Category: Billet

BigMint’s billet index declined marginally by INR 200/t d-o-d to INR 38,300/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,900/t. India’s domestic sponge iron prices fell by INR 50-300/t d-o-d across most regions. BigMint recorded approximately 14,000 t of sponge iron trades.…