Category: Uncategorized
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Daily Update: Indian Sponge & Billet Market
Indian Sponge & billet offers decline by INR 100-300/MT (USD 1-5) day on day. The limited trade activities resulted further price corrections in domestic market. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 31,800-35,000/MT (USD 500-551) ex-plant. Further the coal based sponge (78-80 FeM) C-DRI price assessment was at…