Category: Sponge Iron

India’s sponge iron market witnessed a mixed price trend across regions. Trade volume recorded at around 3,000 t. BigMint’s billet index in Raipur remained unchanged at INR 42,850/t ex-works. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in the Raipur cluster was assessed at around INR 15,800/t. BigMint’s domestic end-cutting…