Author: Kameshwar Rao
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Weak finished steel offtake pressures southern India’s steel prices
Slow trading activity increases inventory pressure Logistics issues in western India weigh on trade Steel prices in southern India declined by around INR 500-1,000/t w-o-w, primarily due to weak demand in the finished steel segment. Subdued buying activity across key markets kept overall sentiment under pressure. Additionally, increased sales pressure in raw materials — particularly…