Author: Rounak Gairarey

Indian spot steel prices plunge further amid sluggish demand domestically, as stated by participants. The Rebar, Billet & Sponge iron prices fell by INR 100-300/MT (day on day) through the mid sized mills. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 30,300-33,800/MT (USD 431-481) ex-plant. Further, the coal based…