Author: Rounak Gairarey

Indian Sponge iron & Billet prices slightly fall today by INR 100-200/MT owing to limited spot trades. As per industry participants, supply continue to remain strong, while demand is bearish. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 30,400-33,700/MT (USD 426-473) ex-plant. Further, the coal based sponge (78-80 FeM)…