Author: Abhishek Bhalla
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Daily Update: Indian Sponge & Billet Market
Indian Billet & Sponge iron prices remain marginally fluctuates by INR 100-200/MT on daily analysis due to subdued demand from rolling mills. As per participants, demand is not upto the mark, however supply strengthening, this led to rise in inventories with the producers. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood…