Author: Rounak Gairarey
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Daily Update: Indian Steel Market 6 Nov’19
Indian billet & rebar prices slightly fluctuated by INR 100-300/MT today amid average spot trades. Following the trend, sponge iron prices were more ore less firm on day trade activities. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 26,000-29,100/MT (USD 366-410) ex-plant. Further, the coal based sponge (78-80 FeM)…