Author: Abhishek Bhalla
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Daily Update: Indian Sponge & Billet Market
Indian Semi-finished offers fluctuated by INR 100-300/MT D-o-D across major markets except in West India where prices remain rallied by INR 200-500/MT following strong demand, according to the trade participants. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 27,100-30,500/MT (USD 420-473) ex-plant. Further the coal based sponge (78-80 FeM)…