Author: Vinay Tiwari
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Weekly round-Up: Semis demand remains sluggish amid domestic slowdown and price volatility. Recovery in sight?
Prices of semi-finished and finished long steel produced via induction furnaces dropped by INR 100-1,600/t w-o-w, while ferro alloys showed an uptrend, rising up to INR 1,100/t. Iron ore and pellet OMC conducted an auction for 2.353 mnt of iron ore (1.025 mnt of lumps and 1.328 mnt of fines) on 19 May. Around 0.508…