Author: Rounak Gairarey

Today, Indian Semi finished prices down further over limited spot trades. As per assessment, the prices of Sponge iron fall by INR 100-300/MT & Billet by INR 300-600/MT (USD 4-9), day-on-day. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 35,000-38,700/MT (USD 518-573) ex-plant. Further, the coal based sponge (78-80…