Author: Rounak Gairarey

Indian spot steel trades remained limited as prices drop by INR 100-200/MT on day trade activities. As per industry participants, buyers are cautious to take positions owing to festive mood along with volatile trends since few days. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 26,400-29,300/MT (USD 366-407) ex-plant.…