India’s induction furnace (IF) steel prices declined on 12 November 2024. Offers announced by the mills fell by INR 50-500/tonne (t) d-o-d across markets compared to the previous trading session.
Sponge iron prices decreased by INR 100-500/t and the major price fell in Durgapur market.
Billet prices edged down by INR 50-200/t, with the sharpest decrease seen in the Mumbai and Jalna market.
Rebar (Fe 500) offers declined by INR 100-200/t across markets.
Trading activity in the spot market continued at a slow pace today. Buyers remained inactive at current price levels which led to minimal trades in the spot market. According to participants, the market is expected to move within a similar range.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
Leave a Reply