Category: Semi Finished

India’s sponge iron market weakened, with prices declining by around INR 50-250/t across most regions as limited enquiries and slow trading activity weighed on spot demand. According to BigMint, sponge iron trade volume was estimated at around 7,000 t. BigMint’s billet index declined by INR 300/t d-o-d to INR 39,500/t exw-Raipur. The conversion spread between…