Author: Aditi Raj
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Indian Semis Market Improves Sharply in Week 50
Week 50 concluded on an improving note as semis prices across major markets recovered steeply by INR 500-1,100/MT; supported by improvement in demand from finished steel market coupled with anticipated imposition of safeguard duty. Sponge prices rose sharply by INR 500-700/MT and billet by INR 600-1,200/MT in domestic market. While, Pig iron prices remained firm…