Author: Rounak Gairarey

Indian steel prices increased by INR 100-400/MT today amid average spot trades. Following the trend, sponge iron prices surge by INR 100-200/MT on day trade activities. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 28,900-32,200/MT (USD 405-452) ex-plant. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at…