Tag: Semi Finish Prices

In week 1 of 2016, semi finish price rally continued as prices across major markets jumped sharply by INR 500-1,600/MT. Price hike was supported by positive domestic market sentiments amid anticipated imposition of MIP on steel products. Sponge iron prices moved up by INR 400-1,000/MT and billet by INR 900-1,600/MT in a week. Meanwhile, few…