Author: Sagar
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Weekly: Indian steel market snapshot
Spot steel trades in India’s secondary market remained optimistic and showed positive trend during the week 51. Domestic billet prices have increased by INR 800-3,000/t ($11-41), while sponge iron prices escalated by INR 400-1,200/t, w-o-w, according to SteelMint’s assessment. Also, the rebar market has registered a sharp hike in prices of around INR 2,000-4,000/t w-o-w,…