Author: Rounak Gairarey

Indian spot steel trades remained dull amid limited inquiries with the producers. However, despite fewer trades the prices of Billet have marginally fluctuated by INR 100-300/MT D-o-D, while Sponge iron offers fell slightly. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 30,200-34,100/MT (USD 421-476) ex-plant. Further, the coal based…