Category: Sponge Iron

Sponge iron prices across key markets strengthened by INR 50-300/t d-o-d supported by improved sentiment in the steel value chain and firmer producer offers. Total trade volume stood at 11,000 t. BigMint’s billet index rose by about 1% (INR 350/tonne) day-on-day (d-o-d) to INR 37,250/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur…