Author: Kameshwar Rao
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India: Demand pressures weigh on southern steel markets amid raw material volatility
MS Billet prices fell by INR 1,000-1,500/t w-o-w in Hyderabad and Chennai Scrap prices edged up slightly in Chennai due to supply constraint Raw material (Sponge Iron & Melting scrap) Price movement : Sponge iron prices in the Bellary cluster declined marginally by around INR 300/t w-o-w, with the current prevailing levels assessed at approximately…