Author: Sagar
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Weekly: Indian steel market snapshot
Spot steel trades in India’s secondary market remained supportive on the back of mills 2nd price hike announcement for Dec ’20. Domestic billet prices have increased by INR 500-1,700/t ($7-23), while sponge iron by INR 300-1,000/t, w-o-w, according to SteelMint’s assessment. Also, the rebar market has registered a huge spike in prices of around INR…