Author: Rounak Gairarey

Indian mid size steel mills have reduced prices of Rebar by INR 100-500/MT, Billet by INR 100-400/MT & Sponge iron by INR 100-300/MT, day-on-day over limited spot trades. As per participants, the prices are less likely to sharp fall as inventories are lessened with the producers. Also as the major mills are not making any…