Author: Manish Vasdev
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Indian Semis Offers Move Downwards in Week 29
During week 29, Indian semis offers moved down upto INR 700/MT. Major price corrections of INR 200-700/MT were seen in billet. While, sponge offers remained almost stable, with minute correction of upto INR 200/MT. Induction furnace operators mentioned that it is tough to survive at current margins (conversion spread). Thus, they are avoiding to make…