Author: Sagar
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Weekly round-up: Domestic steel market remains weak
Spot trade remained weak during week 26 of CY’21 as prices moved down by up to INR 500-1,800/t in semis products (sponge iron and billets) and by INR 600-1,900/t in finished long steel products, including rebars. Following a constant fall in prices, the margins (conversion spread) of secondary steel mills also dipped as raw material…