Category: Uncategorized
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Daily Update: Indian Sponge & Billet Market
In the week opening, domestic trade activities were silent as a result prices for both Sponge iron & Billet fall slightly by INR 100-200/MT. For the day, SteelMint’s price assessment for induction furnaces billet stood at INR 28,900-32,000/MT (USD 450-498) ex-plant. Meanwhile, the coal based sponge (78-80 FeM) C-DRI price assessed at INR 18,700-20,600/MT (USD…