Category: Uncategorized
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Daily Update: Indian Sponge & Billet Market
Indian Semi finished offers witness sharp rise, Sponge upto INR 600/MT (USD 10) & BIllet upto INR 1,200/MT (USD 19), D-o-D. According to the market participants, demand remained strong with the price rise. SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 30,000-33,500/MT (USD 469-523) ex-plant. Further the coal based…