Category: Sponge Iron

Indian sponge iron prices increased by INR 50-200/t across regions. Trade volumes were recorded at around 5,650 t. BigMints billet index inched up by INR 50/t day-on-day to INR 39,950/t exw-Raipur. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 13,850/t. BigMint’s domestic…