Category: Sponge Iron

India’s sponge iron prices witnessed a sharp rise of INR 200-500/tonne (t) d-o-d across major regions, led by Raigarh. Trade volumes expanded significantly, with total bookings at 28,150 t, marking an increase of nearly 68% d-o-d. BigMint’s billet index jumped by INR 450/tonne (t) d-o-d to INR 36,850/t exw-Raipur. The PDRI-to-billet spread for standalone induction…