Author: Rounak Gairarey
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Indian Steel Market Update- 19 May’20
Indian sponge iron, billet & rebar prices fluctuated by INR 100-300/MT D-o-D in major locations. However inquiries were better today than yesterday, as stated by market participants. Also it is learned that, supply tightness of rebar in central & eastern India continues. However, sponge iron manufacturers remained under selling pressure due to low demand as…