Category: Sponge Iron

Sponge iron prices across India extended their downward trajectory and falling by INR 50-300/t d-o-d. The daily sponge iron trade volume increased marginally to around 7,500 t. BigMint’s billet index fell INR 200/tonne day-on-day (d-o-d) to INR 36,350/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 13,450/t. BigMint’s…