Author: Rounak Gairarey

Indian steel prices continued their rally on active demand. As per daily assessment, sponge iron prices increased by INR 100-400/MT, billet by INR 200-500/MT, while rebar upto INR 900/MT on D-o-D basis in major markets. The re-rollers in major markets reported lack of inventory levels, hence are not expecting any major price correction in the…