Author: Kameshwar Rao
-

India: Tight raw material supply and improved steel demand lift steel prices in south India
Sponge iron and melting scrap prices remained firm w-o-w MS billet prices in the Chennai increased by INR 1,500/t w-o-w Sponge iron prices in the Bellary cluster remained slightly supported, rising by around INR 500/t on w-o-w basis. The increase was mainly driven by higher iron ore pellet and non-coking coal prices, along with a…