Author: Sagar
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Weekly round-up: Domestic steel market rebounds on improved sentiments
The semi-finished steel market witnessed a supportive trend during week 2 (3 Jan’22 – 8 Jan’22). Domestic billet and sponge iron offers increased by INR 400-1,300/tonne across regions. India’s induction-route finished long steel mills observed moderate trade enquiries and transactions in the spot market. Rebar prices moved up by INR 200-1,100/t during the week, however…