[SMM Steel] India Domestic Steel Prices decline
[India Domestic] India’s domestic steel market saw mixed price movements on a daily basis with finished steel and semi-finished steel prices moved lower. Alang Melting scrap prices rose by 3.16USD/tonne (300INR/tonne) to 386.83USD/tonne (36,700INR/tonne) ex-yard Alang. 8Ani (12mm) prices unchanged at 443.75USD/tonne (42,100INR/tonne) ex-yard Alang. PDRI sponge iron prices down by 3.16USD/tonne (300INR/tonne) to 313.05USD/tonne (29,700INR/tonne) EXW Bellary. PDRI sponge iron prices down by 2.11USD/tonne (200INR/tonne) to 310.94USD/tonne (29,500INR/tonne) EXW Raipur. Rebar up by 1.05USD/tonne (100INR/tonne) to 525.96USD/tonne (49,900INR/tonne) EXW Mumbai. Raipur rebar down by 5.27USD/tonne (500INR/tonne) to 470.10USD/tonne (44,600INR/tonne) EXW Raipur. Raipur billet down by 4.22USD/tonne (400INR/tonne) to 442.70USD/tonne (42,000INR/tonne) EXW Raipur. Ingot down by 2.11USD/tonne (200INR/tonne) to 488.02USD/tonne (46,300INR/tonne) EXW Mandi.