Author: Sagar
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Indian DRI, billet & rebar update- 04 August ’20
Indian steel market has seen a sharp hike in prices in last 2-3 days. Sponge iron prices rallied by INR 100-950/t, billet by INR 400-1,100/t & rebar prices by INR 300-1,100/t against the price assessment on 1st Aug’20. Industry experts stated that price rally was due to raw material shortage continuing along with seasonal low…