Author: Aditi Raj

Delay in MIP’s decision by Indian government had driven down semis market in week 2. Prices at pan India declined steeply by INR 500-2,000/MT in a week. Sponge iron offers slumped by INR 500-1,150/MT and billet at INR 1,050-1,900/MT. On the flip side, Pig iron prices rose by INR 500/MT owing to improvement in buying activities and price…