Author: Vinay Tiwari

Weekly round-up: Semi-finished steel prices continue to edge down on soft demand

Aug 3, 2024

—

by

Vinay Tiwari

in Billet, Semi Finished

The domestic induction furnace (IF) steel market saw a negative trend in prices during week 31 (29 July-3 Aug,2024). Semi-finished steel prices moved down by INR 100-600/tonne (t). Iron ore and pellet BigMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, increased by INR 200/t w-o-w to INR 9,100/tonne (t) DAP Raipur on 2 August. Around…