Category: Sponge Iron

BigMint’s billet index declined by INR 300/t d-o-d to INR 39,600/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur narrowed to INR 12,100/t. Domestic sponge iron prices declined by around INR 50-250/t across regions today, amid lower buyer participation and limited market activity due to a festive holiday. BigMint recored sponge iron…