Author: Abhishek Bhalla
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India: Vizag Steel Cuts Price by INR 1,500-2,000/MT (USD 21-29)
State owned & one of India’s largest finished long steel producer – Vizag Steel has sharply reduced its prices by INR 1,500-2,000/MT (2-4%) for remaining of Jun’19 deliveries. It seems slow down in demand globally along with significant drop in prices by mid sized mills (secondary mills) has forced mill to cut prices in line…