Author: Rounak Gairarey

Indian spot steel trade activities remain limited as prices moved down by INR 100-400/MT over subdued demand. However, participants believe that, prices to soon recover once demand of finished steels find support. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 30,100-33,300/MT (USD 423-469) ex-plant. Further, the coal-based sponge (78-80…