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Daily Update: Indian Sponge & Billet Market
Today, Indian Sponge & Billet offers fluctuated by INR 100-300/MT in major markets except in Southern region Hyderabad where billet prices fall about INR 800/MT on weak trade activities. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 32,200-36,600/MT (USD 497-565) ex-plant. Further the coal based sponge (78-80 FeM) C-DRI…