Author: Manish Vasdev
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Indian Semis Offers Move Down during Week 27
During the week, semis market reported price corrections of INR 300-700/MT. Sponge prices weakened by upto INR 300/MT and billet by upto INR 700/MT. As per market participants, offers reduced due to higher number of sellers amid anticipated price corrections. In-line, Pig iron offers had also slumped by upto INR 1,000/MT (USD 15). NINL had…