Category: Semi Finished

BigMint’s billet index declined by INR 550/t d-o-d to INR 44,450/t exw-Raipur. The conversion spread between sponge iron (PDRI) and billet for standalone induction furnaces in the Raipur cluster was assessed at INR 16,150/t. Indian sponge iron prices softened by around INR 100-700/t d-o-d across regions. . In Raipur, pellet-based direct reduced iron (P-DRI) prices…