Category: Sponge Iron

The Indian sponge iron market began October on a subdued note, with prices declining by INR 50-150/t across major markets. Around 5,000 tonnes of deals were concluded across India. BigMint’s billet index rose marginally by INR 50/t d-o-d, settling at INR 36,200/t exw-Raipur.The conversion spread from PDRI to billets for standalone induction furnaces in Raipur…