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The monsoon in India has started receding and, with it, so has finished steel demand sluggishness. Indian billet manufacturers feel the new month of October will rejuvenate slow construction activity in the nation and therefore also demand for billet. Despite the INR falling against the dollar, Indian billet is not finding its place in the export market. This week, Indian 3SP/4SP re-rollable grade induction furnace billet indications rose marginally by $5-10/tonne…
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