Author: Sagar
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Indian DRI, billet and rebar update – 12 May
Spot trades in Indian secondary steel market slowed down slightly today due to a constant surge in prices by up to INR 1,200/t ($16) today. According to SteelMint’s assessment, domestic sponge iron offers have increased sharply by INR 100-1,200/t with a major hike noticed in Central and Southern regions by INR 1,000-1,200/t. Also, billet prices…