Indian Steel Market Update- 25 May'20

Indian Spot steel trades gradually improved and the prices rise by INR 300-1,300/MT day on day
SteelMint's price assessment for induction furnaces billet in Indian market stood at INR 28,100-31,100/MT (USD 370-410) EXW. Further, the coal-based sponge (78-80 FeM) C-DRI price assessment was at INR 16,100-17,300/MT (USD 212-228); prices are EXW & excluding GST. Rupee & BSE Sensex -- On 25th May 2020 (Monday) INR to USD exchange rate


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