Author: Vinay Tiwari
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Weekly round-up: Semi-finished steel prices inch up despite subdued demand
Domestic induction furnace finished long steel offers followed mixed trends. Prices varied in the range of INR 50-500/t. Iron ore and pellet PELLEX, BigMint’s bi-weekly domestic pellet (Fe63%) index for Raipur, increased by INR 150/tonne (t) w-o-w to INR 10,300/t ($117/t) DAP on 12 September. Raipur-based pellet producers raised their offers for Fe 63/63.5% (+/-0.5%)…