Author: Abhishek Rai
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Weekly round-up: Downtrend persists in semis market, flat steel prices drop
The domestic steel market witnessed negative price trends during week 11 ( 13 March-18 March, 2023). Semi-finished steel prices decreased in the range of INR 250-1,500/tonne (t). Domestic induction furnace finished long steel offers saw downward trends. Offers declined by up to INR 200-1,000/t w-o-w. Trade reference prices for HRC and CRC edged down in…