Category: Sponge Iron

Indian sponge iron prices declined by INR 50-450/t across key markets and confirmed trades were recorded at around 10,500 t. BigMint’s billet index fell by INR 300/t d-o-d, settling at INR 36,800/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in the Raipur cluster was assessed at INR 13,000/t. BigMint’s domestic end-cutting scrap index, tracking…