Author: Rounak Gairarey

Indian sponge iron & billet prices slightly fluctuated by INR 100-200/MT today amid average spot trades. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 25,800-29,400/MT (USD 359-411) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment was at INR 16,600-18,200/MT (USD 232-252); prices are ex-plant & excluding…