Author: Rounak Gairarey
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Daily Update: Indian Steel Market 1 Oct’19
Spot steel trades remained weak in Indian market, following which prices dropped on day trade activities by INR 100-400/MT through the mid sized mills. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 25,800-29,100/MT (USD 362-409) ex-plant. Further, the coal based sponge (78-80 FeM) C-DRI price assessment was at INR…