Author: Sagar
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Indian DRI, billet and rebar update – 5 May
Spot trades in the Indian secondary steel market remained dull today due to lockdown restrictions imposed nationwide and prices have declined by up to INR 700/t ($9) d-o-d basis. Sources reported, buyers remain cautious due to lockdown restrictions & booking as per necessity. However, looking at raw material prices, they are expecting optimistic trends in…