Author: Manish Vasdev

Week 6 concluded downward mode as semi finish steel prices across major Indian markets sharply reduced by upto INR 1,100/MT. After imposition of minimum import price (MIP), ingot/ billet prices surge by INR 1,800-2,500/MT, which is now on the reverse and almost touched previous weeks levels. Raipur, Durgapur, Rourkela, Mumbai & Ahmedabad are major market…