Category: Sponge Iron

Sponge iron prices increased by INR 100-400/t d-o-d across key regions. Trade volumes recored around 12,750 t. BigMint’s billet index in Raipur strengthened by INR 300/t d-o-d to INR 40,950/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 15,300/t. BigMint’s domestic…