Author: Rounak Gairarey

In the week opening, domestic Sponge & Billet market observed price corrections of INR 100-500/MT due to low trade activities in major markets. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 32,200-36,500/MT (USD 495-562) ex-plant. Further the coal based sponge (78-80 FeM) C-DRI price assessment was at INR 20,400-21,600/MT…