Author: Lalita
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India: Trade volumes drop as steel prices rise sharply
Indian spot steel prices continued to rise, consecutively for the fifth day, yesterday. SteelMint’s daily scrap and billet index closed at INR 40,700/t DAP Mandi and INR 43,600/t exw Raipur higher by INR 700/t and INR 200/t respectively. These rising prices have dampened the trade volumes as they resulted in cautious buying in the market.…