Author: Rounak Gairarey

Indian Semi finished steel prices increased further with improved inquiries & supply concerns. As per assessment, the prices of Sponge iron & Billet increase by INR 200-500/MT (USD 3-7), day-on-day. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 33,500-37,500/MT (USD 478-536) ex-plant. Further, the coal based sponge (78-80 FeM)…