Author: Rounak Gairarey

Today, Indian Sponge & Billet prices fluctuated by INR 100-200/MT in major markets, except in Hyderabad Southern region where billet prices surge by INR 500/MT (USD 8) on improved trade activities. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 32,800-36,400/MT (USD 504-560) ex-plant. Further the coal based sponge (78-80…