Category: Sponge Iron

Indian sponge iron prices declined d-o-d by INR 50-300/tonne (t) in most regions due to weak sentiment and sluggish demand. Daily trade volumes were estimated at 9,600 t. BigMint’s billet index rose marginally by INR 50/t d-o-d to INR 34,850/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnaces in Raipur was…