Author: Rounak Gairarey
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Indian DRI, billet and rebar update – 18 Dec
Indian secondary steel market continued to remain supportive and the prices increased up to INR 1,200/t ($16) today. As per daily SteelMint’s assessment, billet prices surged by INR 200-500/t & sponge iron prices have moved up by INR 100-250/t. In context to finished steel, rebar prices rallied by INR 100-1,200/t in which a sharp hike…