Category: Sponge Iron

Indias sponge iron (DRI) prices declined marginally by INR 50-150/tonne (t) d-o-d across regions. Daily trade volumes recorded around approximately 13,150 t. BigMints billet index declined marginally by INR 50/t d-o-d to INR 40,600/t exw Raipur. The conversion spread from sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at INR…