Author: Manish Vasdev
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Week 47 Updates: Weak Trades on Indian Semis
During week 47 Indian Semis price fell by INR 500-2,000/MT (US$ 7-30) due to less trades on demonitization of Indian Currency. Indian semis manufacturers were under pressure as demonitazation of Indian currency has halted their trade activities. As a result prices of both the products sharply plunged – Sponge by INR 500-1,100/MT and Billet upto…