Author: Rounak Gairarey

Indian billet and sponge market observed slight price rise of INR 100-200/MT on daily analysis. However, in Maharashtra (Mumbai & Jalna) the producers have sharply raised billet prices by INR 300-500/MT following improved demand. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 32,100-36,000/MT (USD 494-554) ex-plant. Further, the coal…