Author: Sagar
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Indian DRI, billet and rebar update – 18 May
Spot trades in the Indian secondary steel market continued to notice a downward trend today as well and prices have declined by upto INR 800/t ($11), d-o-d, basis. As per the assessment, domestic semi-finished (including sponge iron & billet) offers have dropped by INR 100-800/t, however, a major fall of INR 700-800/t was registered in…