Author: Rounak Gairarey

Steel prices fell further due to limited spot trades and as per daily assessment rebar prices fell by INR 100-500/t, billet by INR 100-600/t, while sponge iron by about INR 100-200/t. The major price corrections were noticed in Mumbai & Rourkela by INR 500-600/t & INR 400/t, respectively. Market sources in Mumbai reported dull demand…