Category: Uncategorized
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Daily Update: Indian Sponge & Billet Market
Indian Billet & Sponge prices further fall today by INR 200-500/MT (USD 3-8) on persistent weak demand in the market. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 30,500-34,000/MT (USD 478-533) ex-plant. Further the coal based sponge (78-80 FeM) C-DRI price assessment was at INR 19,800-21,500/MT (USD 310-337); prices…