Author: Rounak Gairarey

Indian Semi finished steel prices increased sharply on active demand and supply concerns, as per market participants. On day trade activities, the prices of Billet have increased by INR 200-1,000/MT (USD 2-14) and Sponge iron by INR 400-900/MT (USD 5-13). Industry players believed that, Semis prices are less likely to fall over supported demand, supply…