Mild Steel Ingot

Mild Steel Ingot Meaning:
In commodity market terminology, a Mild Steel Ingot is a bulk form of a semi-finished class of steel containing a low amount of carbon, typically from 0.01 to 0.3%.This commodity is typically used to make long steel products for the construction industry to build roads, bridges and other infrastructure items.

Mild Steel Ingot Example:
Mild Steel Ingot futures are traded on the Multi Commodity Exchange of India (MCX) and the National Commodities and Derivatives Exchange (NCDEX) also in India. Contracts are for 10 metric tons and are quoted in Indian Rupees INT with six months forward contracts.