Author: Rounak Gairarey

Indian spot steel trades observed dull amid limited inquiries with the producers. However, despite fewer trades the prices of Billet have marginally fluctuates by INR 100-300/MT D-o-D, while Sponge iron offers fall slightly. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 32,400-36,500/MT (USD 452-510) ex-plant. Further, the coal based…