Author: Sagar
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Weekly round-up: Sentiments dull, but mills may not correct short-term prices
In week 25 of CY’21, domestic sponge iron prices declined by INR 200-1,000/t in many regions with a major drop observed in Eastern and Southern India. Considerably, billet offers also fell by up to INR 1,700/t witnessing a sharp fall in Mandi Gobindgarh and Hyderabad markets. Also, induction furnace (IF) grade rebar prices recorded a…