Author: Rounak Gairarey

Indian Semi finished prices drop further on account of limited spot trades and rising stock with the mid sized mills. On daily assessment, Billet prices fall by INR 100-300/MT & Sponge iron by INR 100-200/MT. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 25,600-29,000/MT (USD 360-408) ex-plant. Further, the…