Author: Sagar
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Indian DRI, billet and rebar update – 4 May
Spot steel trades in Indian secondary market were supportive and prices have moved up by upto INR 700/t ($10) d-o-d basis. According to SteelMint’s assessment, domestic sponge iron market has increased by INR 100-200/t, following a major hike of INR 500/t in Eastern India (Durgapur). Meanwhile, billet prices have also surged by INR 100-400/t, whereas,…