Author: Rounak Gairarey
-

Daily Update: Indian Sponge & Billet Market
Indian Semis & finished long steel prices registered volatility by INR 100-300/MT on day trade activities owing to average inquires. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 27,500-31,300/MT (USD 398-454) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment was at INR 16,700-17,800/MT (USD 242-258); prices…