India’s induction furnace (IF) steel market witnessed mixed trends on 21 Apr’22, as offers from the medium-sized mills varied in the range of INR 100-900/tonne (t) d-o-d.
Sponge iron and billets prices fluctuated with a major fall of INR 900/t seen in Jalna’s billet market in western India.
Also, rebar (Fe 500) offers varied in the range of INR 100-700/t across regions. Prices declined sharply by INR 700/t in Raipur, central India.
Meanwhile, spot trades in all segments remained moderate.
However, sellers are hoping for a price recovery in the coming days, although buying interest continues to remain dull in almost all markets.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
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