Category: Pellets

PELLEX, BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, remained stable at INR 10,050/t ($115/t) DAP. Deals for around 25,000 t of pellets were concluded. BigMint’s billet index recorded a d-o-d (d-o-d) increase of INR 150/tonne (t), settling at INR 37,550/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces…