Author: Rounak Gairarey

Today, Indian Semi finished steel prices decline slightly over weak demand. The price fall seen in Sponge iron was of INR 100-200/MT & Billet by INR 200-500/MT. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 31,100-34,000/MT (USD 437-478) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment…