Author: Rounak Gairarey

Indian Semi-finished prices declined today over poor inquiries with the manufacturers. As per assessment, the prices fell of Sponge iron by INR 100-200/MT & Billet upto INR 400/MT (USD 6), day-on-day. The latest price assessment for induction furnaces billet in Indian market stood at INR 35,300-39,100/MT (USD 529-586) ex-plant. Further, the coal based sponge (78-80…