Category: Semi Finished

BigMint’s billet index surged by INR 1,550/t day-on-day to INR 42,350/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,450/t. India’s sponge iron prices recorded a strong increase of INR 700-1,400/t across regions. Trade volumes recorded around 11,700 t. BigMint’s domestic…