Author: Sagar
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Weekly round-up: Indian steel market sentiment subdued
As per SteelMint’s assessment for week 22, domestic billet offers fell sharply by INR 500-2,100/tonne week-on-week (w-o-w) in major locations. Also, sponge iron prices declined by up to INR 2,200/t across India. Meanwhile, induction furnace-route rebar offers dropped by INR 800-2,200/t w-o-w, across major Indian markets. Domestic HRC and CRC prices were discounted by around…