Author: Rounak Gairarey
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Indian Steel Market Update- 2 June’20
Sponge iron & Billet prices in spot market fell by INR 100-300/MT today in major locations, except in western India. Also rebar prices in major locations moved down on average of INR 100-300/MT, on D-o-D basis. SteelMint’s price assessment for induction furnaces billet in Indian market stood at INR 28,400-31,400/MT (USD 377-418) EXW. Further, the…