Author: Kameshwar Rao
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India: Steel prices stay firm on higher finished steel demand in South India
Chennai billet prices increased by INR 300/t week-on-week Steel demand improved across South India, supporting overall market sentiment Sponge iron prices in the Bellary–Hospet region increased sharply by around INR 500–600/t at the beginning of the week. However, the momentum gradually slowed and prices stabilized toward the latter part of the week. The initial rise…