Author: Sagar
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Indian DRI, billet and rebar update – 10 May
Indian secondary steel market has noticed an upward trend today, however the spot trades were limited. The steel prices increased by up to INR 900/t ($12) d-o-d basis. As per the assessment, domestic billet offers have surged by INR 100-600/t, whereas, prices dropped by INR 200-300/t in Northern & Western regions. Also, the sponge iron…