Author: Sagar
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Indian DRI, billet and rebar update – 29 Jun
The Indian secondary steel market witnessed a decline in prices by up to INR 1,000/t ($13) d-o-d on 29 Jun’21. Weak demand during the rainy season and rising inventories of rebars at mills continued to weigh on prices. As per SteelMint assessment, semi-finished steel (sponge iron and billet) prices declined by INR 100-1,000/t throughout the…