Author: Rounak Gairarey

Indian Sponge & Billet market finds support as prices moved up by INR 100-400/MT day-on-day. The manufacturers in major markets reported strong inquiries which led to price surge. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 32,200-36,000/MT (USD 495-554) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price…