Author: Rounak Gairarey
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Daily Update (27th July): Indian Semis Offers Rise Further
Indian Semi finished steel prices rebound with improved inquiries & supply concern. As per assessment, the prices of Sponge iron increase by INR 200-600/MT (USD 3-9), while Billet prices surge by INR 100-400/MT (upto USD 6), day-on-day. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 30,800-34,700/MT (USD 448-506) ex-plant.…