NCDEX halts trade in steellong contracts on new BIS norms to be introduced by Indian government in September.Steelmint spoke to many sellers and buyers to understand how will it impact the market.
There is sense of confusion as markets do not have any bench mark now.There is mixed reaction as few are happy as they feel prices will be derived on demand and supply and not on speculation.
Others feel that this will increase the volatility in prices as markets will be dependent on Ingot prices at Mandi Govindgarh.
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