Author: Sagar
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Indian DRI, billet and rebar update – 20 May
Spot trades in the Indian secondary steel market continued to notice a downward trend today. Prices have declined by up to INR 800/t ($14) on d-o-d, basis. As per the assessment, domestic billet prices have dropped by INR 100-1,000/t with a major fall of INR 800-1,000/t was noticed in Gujrat & Jharkhand, however a marginal…