Author: Abhishek Rai
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India: Semis prices drop on weak demand in Durgapur, West Bengal
Induction furnace (IF)-route semi-finished steel prices in Durgapur, West Bengal, decreased marginally today. Offers floated by the mills were lower by up to INR 200/t d-o-d. Sponge iron prices were stable at INR 31,800/t and around 3,400 t of deals were recorded at INR 31,700-31,900/t DAP Durgapur. Meanwhile, billet prices witnessed a marginal fall of…