Author: Vinay Tiwari
-
Weekly round-up: Semi-finished steel prices continue to edge down on soft demand
Domestic induction furnace finished long steel offers witnessed a downtrend in prices. Prices dropped by INR 300-1,100/t. Trade reference prices for hot rolled coil (HRC) and cold rolled coil (CRC) fell by INR 100-500/t. Iron ore and pellets BigMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable w-o-w at INR 9,850/tonne (t) DAP Raipur…