Category: Sponge Iron

The Indian sponge iron market witnessed a subdued trading session, with spot prices declining by INR 50-200/t across key producing regions. BigMints billet index posted a marginal day-on-day (d-o-d) decline of INR 100/tonne, settling at INR 37,400/t exw-Raipur. The conversion spread from PDRI to billets for standalone induction furnace (IF) operators in Raipur was assessed…