Author: Sagar
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Indian DRI, billet and rebar update – 11 Jun
Spot trading activity in the Indian secondary steel market remained supported with rising prices, which increased by up to INR 700/t ($10), day-on-day. However, billet manufacturers in the eastern region (Durgapur) opened syndicate rates today to improve their conversion spreads (margins). As per SteelMint assessment, semi-finished steel (sponge iron and billet) offers recorded an uptick…