Author: Rounak Gairarey
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Daily Update: Indian Semis Offers Decline Further
Indian Steel prices fall further on limited spot trades. The prices of Billet slump by INR 100-500/MT and majorly in East & Central regions. Meanwhile price corrections in sponge iron was about INR 200-700/MT (USD 3-10), day-on-day. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 32,500-36,700/MT (USD 441-499) ex-plant.…