Author: Sagar
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Daily Update: Indian Steel Market 29 Jan’20
Indian semi-finished offers increased marginally today. Sponge iron offers moved up by INR 100-200/MT & billet by INR 100-300/MT across major markets. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 29,200-32,700/MT (USD 410-459) ex-plant. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at INR 19,000-20,500/MT (USD 266-288);…