Author: Sagar
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Weekly round-up: Indian semis market shows decline
The Indian semi-finished steel market fell during week 34 (16-21 Aug’21). Domestic billet prices dropped by INR 200-1,000/tonne (t) while sponge iron offers moved down by INR 300-1,000/t w-o-w due to falling raw material prices as well as improved supply of semis products, leading to price corrections. Sources are expecting semis’ prices to remain under…