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India Spot HRC Steel prices fall further in July

HR coil spot prices in the Indian market fell further back in July, down 0.9% month-on-month to Rs 42,193 a ton as the monsoon season weighed down on purchasing activity.
The industry’s hopes that a new businessfriendly government would announce a slew of new infrastructure projects is yet to be realised, though steel market participants remain as bullish as ever in their outlook for the remainder of 2014.

Source:Scrap Register


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