Category: Sponge Iron

India’s sponge iron market witnessed mixed price movements, with spot offers varying across regions, and  Approximately 3,450 t deals were concluded. BigMint’s billet index witnessed a marginal decline of INR 100/tonne (t) d-o-d, settling at INR 37,100/t exw-Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster…