Author: Rounak Gairarey
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Daily Update: Indian Semis Offers Decline on Demand Concern
Indian steel prices moved further downtrend today by INR 100-500/MT owing to limited spot trades. Hence, the producers have reluctant to cut prices to fetch better response. On day trade activities, the Rebar & Billet prices drop by INR 100-500/MT (upto USD 7), while sponge iron market registered price fall of INR 100-300/MT in major…