Category: Sponge Iron

India’s sponge iron prices witnessed an upward movement, rising by INR 50-600/t across regions. Trade volumes recorded around 20,000t. BigMint’s billet index rose by INR 250/t d-o-d to INR 40,650/t exw-Raipur. The conversion spread between pellet-based DRI and billets in Raipur was assessed at around INR 15,000/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi…