Author: Rounak Gairarey
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Will Indian Semi-Finished Steel Prices Fall Further?
Indian steel (Sponge, Billet & Rebar in secondary market) prices have fallen by almost INR 3,000/MT (USD 40) in last couple of weeks owing to limited demand from the domestic & global buyers. Amid significant fall, the prices of Sponge iron & Billets in major markets currently stand close to 2-months low. SteelMint’s latest assessment…