Author: Rounak Gairarey

Today, Indian Sponge iron prices moved downward by INR 100-200/MT as inquiries remained weak amid improved supply for the material. However, billet prices fluctuated by INR 100-300/MT. SteelMint’s price assessment for induction furnaces billet size 125×125 mm are stood at INR 32,000-36,000/MT (USD 492-555) ex-plant. And the coal based sponge (78-80 FeM) C-DRI price assessment…