Category: Uncategorized
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Daily Update: Indian Sponge & Billet Market
Domestic Semi-finished offers rise further on strong demand and rise in raw material prices, Sponge iron offers increase by INR 200-400/MT & Billet by INR 200-750/MT, D-o-D. Today, SteelMint’s price assessments for induction furnaces billet size 125×125 mm are reported at INR 27,500-30,500/MT (USD 426-473) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price…