Author: Rounak Gairarey
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Daily Update: Indian Semis Market Shows Mix Trend
Today, Indian Sponge & Billet market reported slight price fluctuations of INR 100-300/MT amid average inquiries. As per industry participants, the buyers remained cautious due to volatility in prices. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 35,000-38,800/MT (USD 523-584) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI…