Author: Rounak Gairarey
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Daily Update: Indian Steel Market 16 Jan’20
Indian Sponge iron & Billet offers decline by INR 100-400/MT today, in major markets except in Maharashtra, western India where prices incline by INR 100-200/MT. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 29,300-32,700/MT (USD 412-461) ex-plant. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at INR…