Author: Rounak Gairarey

Indian Semi-finished steel offers decline further on limited trades due to seasonal weak demand. As per assessment – Sponge iron offers fall by INR 100-300/MT & Billet by INR 200-600/MT day-on-day. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 34,300-38,000/MT (USD 502-556) ex-plant. Further, the coal based sponge (78-80…