Category: Pellets

BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, held stable at INR 11,000/t ($119/t) DAP. BigMint’s daily billet index declined by INR 150/t day-on-day to INR 41,750/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 15,200/t. BigMint’s domestic end-cutting scrap…