Category: Sponge Iron

India’s sponge iron (DRI) market witnessed a robust upswing, with prices increasing by INR 100-600/t d-o-d across key producing hubs. The day recorded a notable spike in trading, with total sponge iron transactions estimated at 28,000 t. BigMint’s billet index surged by INR 450/t d-o-d, settling at INR 35,400/t exw-Raipur. The PDRI-to-billet spread for standalone…