Author: Rounak Gairarey

Indian semi finished market reported mix trends while sponge offers decline by INR 100-200/MT & billet fluctuated by INR 100-500/MT in major markets. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 25,600-28,800/MT (USD 357-402) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment was at INR 16,500-17,800/MT…