Author: Manish Vasdev
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Indian Secondary Steelmakers Cautious on falling Long Steel Prices
Weak sales of finished steel since last few months have led to continuous fall in MS Ingot/Billet prices in the domestic market at pan India. In spite of falling MS Ingot/Billet prices by upto INR 1,700/MT (5.5%) in last 1-month, Sponge prices have corrected marginally by INR 600-1,100/MT (4%) in central & eastern India. Whereas,…