Author: Aditi Raj
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Week 36 Ends with Asymmetric Price Movement
Indian semis market showed asymmetric price movement in week 36. MS ingot/billet prices across major markets declined upto INR 100-500/MT. While, sponge iron prices remained almost stable with minor price fluctuations of INR 100-200/MT in major regions. Demand from end-users was somewhat decreased compared to previous week. Week 36 Highlights 1. Sponge iron price movement…