Category: Sponge Iron

India’s sponge iron market witnessed an upward price movement, with spot offers increasing by INR 100-300/tonne (t) day-on-day across most regions. Pan-India sponge iron bookings stands at approximately 13,000 t. BigMint’s billet index rosefurther by INR 150/tonne (t) d-o-d, settling at INR 36,700/t exw-Raipur, the conversion spread from sponge iron (PDRI) to billets for standalone…