Author: Vinay Tiwari
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Weekly round-Up: Semi-finished steel prices drop as demand softens after festive break
Domestic induction furnace-finished long steel prices declined last week, while primary mills saw increased demand post-monsoon as projects commenced, indicating shifting market conditions and requirements. Iron ore and pellet OMC conducted an auction for the 1.98 mnt of iron ore on 18 October in which the entire quantity of fines (1.06 mnt) while 0.78 mnt…