Author: Sagar
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Indian DRI, billet and rebar update – 2 Feb
Spot trades in Indian secondary steel market remained subdued and prices have fluctuated today by INR 100-800/t ($11), d-o-d. As per the assessment, sponge iron prices have moved up by INR 100-200/t in major markets, however, it fell sharply by INR 200-600/t in Southern India. Also, billet prices rose marginally by INR 100-300/t, despite having…