Author: Sandeep Goyal

Key Highlights Indian Billet prices hit 1-year low and offers have fallen over INR 1,500/MT M-o-M Falling semi finish prices have resulted in net loss of INR 1,000-1,500/MT to standalone induction furnaces Sponge iron prices correct marginally over raw material scarcity Falling imported Scrap offers have given some relief to Indian steelmakers. HMS 1&2 assessed at…