Author: Aditi Raj

Anticipated imposition of safeguard duty on steel products, stability in imported scrap prices and surge in sponge iron offers have been supporting billet prices since last 2-3 weeks.  This week, prices have moved up by INR 300-900/MT in domestic market. Current 125*125 billet offers are prevailing at INR 20,250/MT ex-Durgapur, INR 19,700/MT ex-Rourkela, INR 20,700/MT…