Author: Rounak Gairarey
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Daily Update: Indian Semis Offers Decline Marginally
Indian steel prices remained slightly drop by INR 100-300/MT on limited spot trades. Further as per market sources report, the standalone mills in major markets are curtailing production due to falling margins. SteelMint’s latest price assessment for induction furnaces billet in Indian market stood at INR 26,100-29,800/MT (USD 378-432) ex-plant. Further, the coal based sponge…