Category: Billet

BigMint’s billet index recorded a moderate recovery of INR 400/t d-o-d, rising to INR 39,450/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR 14,250/t. India’s sponge iron prices moved up by INR 100-300/t d-o-d across major regions, supported by improved market sentiment and…