Author: Rounak Gairarey
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Indian steel market update- 16 July’20
Spot sponge iron & billet prices fluctuated by INR 100-200/t on limited trades, while rebar prices fell in same proportion in central, east & northern India. Sources mentioned, due to limited margins (conversion) the producers are trying to keep offers firm, however if demand remains limited they may forced to cut prices BSE Sensex Exchange…