Author: Sagar
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Indian DRI, billet and rebar update – 31 May
Spot trades in the Indian secondary steel market remained supported on improved bids and prices increased by up to INR 800/t ($11) on a d-o-d basis. According to SteelMint assessment, Indian sponge iron prices have moved up sharply by INR 100-800/t, with a major increase of INR 600-800/t in central India (including Raigarh and Raipur).…