Author: Vinay Tiwari

Weekly round-up: Semi-finished prices decline further amid weak demand ahead of festive season

Oct 26, 2024

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by

Vinay Tiwari

in Billet, Semi Finished

Domestic induction furnace finished long steel offers witnessed a downtrend. Prices dropped by INR 800-2,000/tonne (t). Trade reference prices for hot rolled coils (HRCs) and cold rolled coils (CRCs) fell by INR 300-500/t. Overall, semi-finished steel prices witnessed a further decline. Iron ore and pellets NMDC raised prices of CLO and fines by INR 700/t…