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Weekly: Indian steel market snapshot

Indian secondary steel prices remained on downtrend during the week-25 due to limited inquiries and improved supply. Also, the lifting of finished steel products remained slow.
As per SteelMint assessment, this week prices of semi finished steel products of mid sized mills have declined by INR 600-1,800/t ($7-16) & finished long by INR 1,000-2,000/t ($13-27). IRON ORE & PELLETS Essel mining has increased its iron ore fines offer by INR 100/t w.e.f 16th Jun. In Badampahar iron ore

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