Category: Sponge Iron

India’s sponge iron market witnessed a notable price increase by INR 100-300/tonne (t) d-o-d. BigMints billet index continued its upward trajectory, rising by INR 150/tonne (t) d-o-d to INR 34,950/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,150/t. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh…