Author: Aditi Raj

Expected imposition of Minimum Import Price (MIP) and improvement in buying activities have supported Indian billet market this week. Prices across major markets have risen steeply by INR 1,100-1,500/MT W-o-W. Raipur and Hyderabad markets have witnessed major price hike of INR 1,500/MT, followed by Mumbai (INR 1,300/MT) and Durgapur (INR 1,100/MT). Meanwhile, sponge iron prices…