Author: Rounak Gairarey

Spot steel trades remained weak in Indian domestic market as prices drop further by INR 100-400/MT on day trade activities. As per participants, limited inquiries amid strong supply resulting significant fall in prices through the mid sized mills. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 27,500-31,500/MT (USD 401-460)…