Author: Vinay Tiwari
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Weekly round-up: Semi-finished steel prices continue to edge down on soft demand
Domestic induction furnace finished long steel offers witnessed volatility this week. Prices drifted down in the range of INR 200-700/t. Trade reference prices for hot rolled coil (HRC) and cold rolled coil (CRC), however, saw an upward trend, increasing by INR 500-1,000/t w-o-w. Iron ore and pellets BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable…