Author: Rounak Gairarey
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Daily Update: Indian Sponge & Billet Market
Indian Billet manufacturers reported improved domestic inquiries and have raised prices by about INR 200-400/MT (USD 3-7), day-on-day. However, Sponge iron prices slightly fluctuates by INR 100-300/MT amid better supply for the material. As per Industry participants, Sponge iron availability has improved specifically in Central & East India due to decline consumption’s over power crisis…