Author: Rounak Gairarey
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Indian DRI, billet and rebar update – 16 Jul
Spot trading activity in the Indian secondary steel market was active on 16 Jul’21. However, prices moved southwards in major locations, plunging by INR 100-400/tonne (t) ($8), d-o-d. Demand at lower prices remain active, SteelMint notes. As per SteelMint assessment, Indian sponge iron offers fluctuated in the range of INR 100-200/t in many locations. However,…