Author: Vinay Tiwari
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Weekly Round-Up: Steel Markets Mixed as Raw Materials Firm, Demand Remains Cautious
Raw materials mixed; pellets, alloys firm while iron ore fines weakened. Steel demand remained cautious as inventories rose and buying stayed need-based. Iron ore and pellet BigMint’s India pellet (Fe 63%, 3-3.5% Al) export index edged up by $2.5/t to $105/t FOB east coast on 29 May against its previous assessment on 27 May. Export…