Author: Rounak Gairarey

Indian Semis market observed subdued inquiries resulting volatility in prices. As per SteelMint assessment, Billet price fluctuated by INR 100-300/MT, while Sponge offers fell by INR 100-200/MT, day-on-day. The latest price assessment for induction furnaces billet in Indian market stood at INR 35,200-39,400/MT (USD 526-590) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price…