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BigMint’s daily trade sheet – 9 Apr’26
India’s sponge iron prices remained largely stable, with a slight upward bias of INR 50-200/t d-o-d. The recorded trade volume stood at around 3,400 tonnes. BigMint’s billet index in Raipur increased marginally by INR 200/t d-o-d to INR 43,100/t exw. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in…