Author: Rounak Gairarey

Indian steel prices remained on downtrend. Rebar prices fell by INR 100-400/t, billet by INR 100-300/t, while sponge iron by INR 100-200/t, as per daily assessment. The re-rollers in major locations reported rise in inventories, resulting in price corrections in rebar which has also put pressure on sponge iron & billet prices. SteelMint’s price assessment…