Category: Sponge Iron

The Indian sponge iron market remained under pressure, with prices declining by INR 100-200/t across major regions. Trading remained muted amid the festive season, with around 8,000 t of deals confirmed. BigMint’s billet index edged down by INR 50/tonne (t) d-o-d, closing at INR 36,700/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur…