Author: Rounak Gairarey

Indian spot steel prices fell further following limited inquiries in finished steel products, hence prices of mid-size mills corrected by INR 100-400/MT on D-o-D basis. SteelMint’s price assessment for induction furnaces billet in Indian market stood at INR 25,900-29,700/MT (USD 343-393) ex-plant. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at INR 15,400-16,800/MT…