Author: Rounak Gairarey

Indian Sponge iron & Billet prices slightly fluctuated by INR 100-300/MT today amid average spot trades. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 29,400-32,800/MT (USD 414-462) ex-plant. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at INR 19,500-20,600/MT (USD 274-290); prices are ex-plant & excluding GST.…