Author: Rounak Gairarey

Indian sponge iron & billet prices increased slightly, although trade activities were relatively average, as per participants. The prices increased by INR 100-300/MT, while rebar prices fluctuated by INR 100-500/MT, on day-on-day basis in major markets. SteelMint’s price assessment for induction furnaces billet in Indian market stood at INR 28,500-31,500/MT (USD 375-416) EXW. Further, the…