Category: Semi Finished

India’s domestic sponge iron market remained under pressure, with prices declining by INR 50-200/t d-o-d across most regions. BigMint recorded sponge iron trade volumes of around 14,000 t. BigMint’s daily billet index declined by a further INR 100/t d-o-d to INR 37,850/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for…