Author: Rounak Gairarey
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Weekly round-up: Longs get some respite in overall dull steel market
Domestic billet offers rose by INR 200-1,000/tonne (t) across regions with a major hike reported in southern India. Sponge iron prices also picked up by INR 200-1,300/t on demand volatility. The induction furnace-route finished long steels market witnessed a mixed trend this week with prices fluctuating by INR 100-1,200/t w-o-w. Indian HRC trade prices declined…