Author: Rounak Gairarey

Indian steel prices drop on account of limited spot trades with the mid sized mills. On daily assessment, the Rebar & Sponge iron prices plunged by INR 100-200/MT & Billet by INR 100-300/MT. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 28,000-31,400/MT (USD 392-440) ex-plant. Further, the coal-based sponge…