Author: Rounak Gairarey

Spot steel prices further declined in major Indian markets on account of poor inquiries in finished products. The Rebar & Billet prices fell by INR 100-300/MT, meanwhile sponge iron prices fluctuated by INR 100-200/MT, day-on-day. Market participants mentioned that, finished steel demand likely to remain bearish due to election season in the country, this may…