Author: Rounak Gairarey

Indian spot steel trades continued to remain supported and the prices have increased upto INR 700/t ($9.5), today. As per daily assessment, sponge iron prices rallied by INR 100-700/t & billet, rebar prices have moved up by INR 100-600/t in the majority of the markets. Participants are hopeful for further support in price range with…