Author: Rounak Gairarey

Today, Indian Semi finished prices increase further over increased trade activities. As per SteelMint assessment, the prices surge for Sponge iron by INR 100-300/MT & Billet upto INR 500/MT day-on-day. The latest price assessment for induction furnaces billet in Indian market stood at INR 35,200-38,800/MT (USD 519-572) ex-plant. Further, the coal based sponge (78-80 FeM)…