MS Ingot prices moved up by Rs 100-400/MT at few mandis' & some buying interest was seen at lower
levels.
Steel Long futures market showed a downward trend after
showing some positive movement on Friday. Steel Long May contract on Saturday opened at Rs 33,530/MT, reached
as low as Rs 33,240/MT before settling the day at Rs 33,380/MT.
According to market players, “Prices have bottomed out and it
should rebound soon. Everyone is waiting to get some direction next week”.
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