Author: Aditi Raj
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Panic Continues in Indian Semis Market during Week 5
Indian semi finished manufacturers continued to be under pressure during this week. Sponge prices declined steeply by INR 600-800/MT and billet by INR 300-1,250/MT due to limited buyers and dwindling demand. On the other side, Pig iron prices rose steeply by INR 200-800/MT as the primary producer, NINL opened its offers with rise in Pig…