Author: Rounak Gairarey

Indian rebar & billet prices increased further by INR 100-400/t, while sponge iron surged upto INR 500/t on d-o-d basis in major markets. Sources reported improved demand since last couple of days resulting in price hike in spot market. SteelMint’s price assessment for induction furnaces billet in Indian market stood at INR 26,800-30,600/t ($352-404) EXW.…