Author: Rounak Gairarey

Spot steel prices rebounded and the prices increased up to INR 700/t, in which rebar and billet prices up by INR 100-700/t, d-o-d in major locations. Sponge prices have increased by INR 100-500/t after hitting three-year low. Sources reported slight improvement in demand along with buyer’s assumption that prices may not fall further. However future…