Category: Sponge Iron

India’s sponge iron market recorded a sharp price hike of INR 100-600/tonne (t) d-o-d, around 11,000 t of sponge iron were booked pan-India, reflecting limited but selective buying support amid the sharp price rally. BigMint’s billet index increased by INR 300/t day-on-day (d-o-d), settling at INR 36,800/t exw-Raipur. The conversion spread from PDRI to billets…