Author: Rounak Gairarey

Indian steel prices increased by INR 300-900/MT today amid average spot trades. Following the trend, sponge iron prices surge by INR 400-600/MT on day trade activities. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 28,600-32,500/MT (USD 401-456) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment was…