Category: Sponge Iron

India’s sponge iron market witnessed broad-based corrections, with prices declining by INR 100-300/t day-on-day across major producing regions. BigMint’s billet index declined by INR 300/t day-on-day to INR 40,500/t exw-Raipur, marking an approximate 3% drop from last week’s closing level. The conversion spread from sponge iron (PDRI) to billets for the standalone furnaces in the…