Category: Semi Finished

BigMint’s billet index increased sharply by INR 550/t d-o-d to INR 40,950/t exw-Raipur. The conversion spread between PDRI and billets for standalone induction furnaces in Raipur narrowed to INR 12,450/t. Domestic sponge iron prices rose by around INR 100-1,300/t d-o-d across regions. PDRI prices increased by around INR 400-1,100/t. In Raipur, PDRI prices settled at…