Author: Rounak Gairarey

Spot steel trades improved in Indian market, following which prices increased in today’s trade activities. P-DRI prices in major markets moved up by INR 200-400/MT and billet prices by INR 300-1,000/MT. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 29,300-32,700/MT (USD 410-459) ex-plant. Further, the coal-based sponge (78-80 FeM)…