Author: Rounak Gairarey

Indian mid sized steel mills have slightly lower their offers by INR 100-300/MT due to average trade inquiries. The spot trades weak, as per participants who deals largely in finished products. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 26,200-29,500/MT (USD 366-413) ex-plant. Further, the coal based sponge (78-80…