Author: Rounak Gairarey

Indian secondary steel market turned bearish amid COVID-19 fears. Steel prices fell over dull demand with few key markets suspending operations. As per SteelMint’s assessment in week-12 (14-21 Mar’20), prices declined by about INR 600-1,200/MT in sponge iron, INR 300-1,700/MT in billet & INR 300-1,200/MT in rebars. While Finished Flat steel prices moderate on weak…