Category: Sponge Iron

Sponge iron prices across major markets increased by INR 50-300/t. Trade volumes were recorded at around 13,500 t. BigMint’s billet index edged up marginally by INR 100/tonne (t) d-o-d to INR 37,800/t exw-Raipur. The conversion spread from PDRI to billet for standalone induction furnaces in Raipur was assessed at INR 14,550/t. BigMint’s domestic end-cutting scrap…