Category: Sponge Iron

Indian sponge iron prices continued their downward trajectory, with spot prices falling by INR 100-200/t across major regions, particularly in the central-eastern and Bellary clusters. Approximately 9,700 t of sponge iron was booked during the day. BigMint’s billet index registered a marginal decline of INR 100/tonne (t), settling at INR 37,550/t exw-Raipur. The conversion spread…