Category: Semi Finished

The sponge iron market remained under pressure, with prices declining by INR 50-200/t across several markets. BigMint recorded 8,000 t of sponge iron trades during the day. BigMint’s billet index declined by INR 300/t d-o-d to INR 38,000/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets for standalone induction furnaces in…