Author: Rounak Gairarey
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Daily Update: Indian Semis Offers Decline Over Demand Concern
Indian steel prices drop significantly due to limited trades and today it fell by INR 100-400/MT (USD 6) in major markets. SteelMint learned that, as the margins are bottom line, the most of Sponge iron & Ingot/Billet manufacturers in Central & Eastern India are holding sales to maintain margins and supply-demand chain. Hence the participants are…