Category: Semi Finished

BigMint’s billet index declined further by INR 300/t day-on-day to INR 41,250/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 15,350/t. India’s sponge iron prices declined by INR 100-500/t across regions. Trade volumes recorded was around 9,100 t. BigMint’s domestic end-cutting…