Category: Billet

BigMint’s billet index rose by INR 450/t d-o-d to INR 42,000/t exw-Raipur, supported by improved buying interest and moderate bookings. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster was assessed at INR 13,650/t. The domestic sponge iron market witnessed mixed movement. In the PDRI…