Author: Abhishek Rai

The domestic steel market witnessed a downward trend during the week 3 (16 Jan- 21 Jan’23). Semi-finished steel prices plunged in the range of INR 50-1,450/tonne (t). Domestic induction furnace finished longs offers saw a negative trend, decreasing up to INR 1,300/t w-o-w. Whereas trade reference prices for hot-rolled coils (HRCs) and cold-rolled coils (CRCs)…