Author: Vinay Tiwari
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Weekly round-up: Indian steel markets weaken amid subdued demand and persistent pricing pressure
IF and BF rebar prices declined further amid weak bookings and cautious market sentiment. Pellet, scrap, and ferro alloy prices softened as downstream steel demand remained subdued. Weak steel demand, cautious buying activity, and rising inventories continued pressuring Indian ferrous markets, while raw material prices showed mixed regional trends. Iron ore and pellet Dharti Dredging…