Author: Sagar
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Indian DRI, billet and rebar update – 2 June
Spot trades in the Indian secondary steel market found support on improved bids resulting from the rise in iron ore prices at OMC’s auction. Mid-sized plants raised offers by up to INR 1,200/t ($16) on a d-o-d basis. The semi-finished steel market (including sponge iron and billet) witnessed an upward movement in prices by INR…