Category: Sponge Iron

Sponge iron prices across markets witnessed a day-on-day (d-o-d) decline of INR 100-650/t. Approximately 5,000 tonnes of sponge iron deals were concluded. BigMint’s billet index declined by INR 150/t day-on-day (d-o-d) to INR 34,650/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 12,550/t. BigMint’s domestic end-cutting scrap index,…