Category: Sponge Iron

India’s sponge iron prices showed a mixed trend across regions d-o-d. Trade volumes increased to around 12,000 t. BigMint’s billet index edged up by INR 50/t d-o-d to INR 41,500/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,400/t. BigMint’s domestic…