Author: Rounak Gairarey

Indian billet & rebar prices fluctuated by INR 100-300/MT today due to average trade inquiries. While sufficient orders among sponge producers, led to slight gain in sponge prices by INR 100/t in few locations. SteelMint’s price assessment for induction furnaces billet in Indian market stood at INR 26,400-30,300/t ($352-405) EXW. Further, the coal-based sponge (78-80…