Author: Abhishek Bhalla

Indian Sponge & billet offers today decline by INR 100-500/MT (USD 1-8) on limited inquiries. The trade participants mentioned that the re-rollers in major markets are in wait and watch mode and are waiting for clear market directions. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 31,700-35,000/MT (USD 495-546).…