Category: Uncategorized

BigMint’s billet index registered a sharp increase of INR 750/tonne (t) d-o-d to INR 37,900/t exw-Raipur. The PDRI-to-billet conversion spread for the standalone induction furnaces in Raipur was assessed at INR 14,500/t. Sponge iron prices across major Indian markets increased by INR 50-550/t and trade volumes were reported at approximately 19,000 t. BigMint’s domestic end-cutting…