Category: Billet

BigMint’s billet index extended its upward trend, rising by INR 550/t d-o-d to INR 39,150/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster narrowed further to INR 13,550/t. Indian sponge iron prices witnessed a strong uptrend at the beginning of the week, with prices…