Category: Semi Finished

BigMint’s billet index increased marginally by INR 50/t d-o-d to INR 42,550/t exw-Raipur, despite weak buying interest and limited support from the finished steel market. The conversion spread between sponge iron (PDRI) and billets for standalone induction furnaces in the Raipur cluster widened to INR 12,950/t. The domestic sponge iron market witnessed an upward movement,…