Author: Harshit Tiwari
-
Weekly round-up: Semis, longs rise on higher input costs; scrap buying cautious amid freight surge
Billet and sponge iron prices rise sharply w-o-w on higher raw material costs and improved bookings Imported coal prices jump INR 1,100-1,200/t, while scrap buying stays cautious amid rising freight The domestic steel and raw materials market strengthened in the week ended 6 March, supported by higher input costs and improved bookings. Semis and longs…