Author: Rounak Gairarey

Spot steel trades remained weak in Indian market, following which prices dropped on day trade activities by INR 100-500/MT through the mid sized mills. The billet prices drop majorly in southern region-Hyderabad by INR 500/MT (USD 7), while in remaining markets it corrected by INR 100-300/MT, day on day. In context to sponge iron, the…