Author: Sagar
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Weekly round-up: Prices of semis, longs inch down on softening raw material costs
The Indian semi-finished steel market fell during week 43 (18-23 Oct’21). Domestic billet prices dropped by INR 1,000-4,000/tonne (t), while sponge iron offers moved down by INR 500-1,800/t, w-o-w, due to falling raw material prices during the festive season and in the run-up to Diwali, resulting in price corrections. Sources are expecting semis’ prices to…