Author: Rounak Gairarey

Indian Semis prices fall further over weak trade inquiries. As per SteelMint assessment the prices of Billet have declined by INR 100-500/MT & Sponge iron about INR 100/MT, day-on-day. As per market participants, as the conversion spread (margins) dip of Induction furnaces, prices of Ingot/Billets should find stability. However, seasonal weak demand of Rebar remain…