- Prices increase d-o-d, limited trades take place
- Buyers wary amid unclear raw material price trends
India’s induction furnace (IF) steel prices increased d-o-d on 7 March 2025. Across markets, mills raised their offers by INR 50-200/tonne (t) compared to the previous trading session.
Sponge iron offers rose INR 50-200/t d-o-d, with the sharpest hike of INR 200/t seen in the Raipur and Ramgarh markets.
Billet tags moved up by INR 100-200/t d-o-d, with the steepest increase of INR 200/t noted in the Mandi, Durgapur and Ramgarh region. Only in Jalna where prices fell by INR 100/t.
Rebar (Fe 500) offers decreased by INR 100-200/t in major locations except in Delhi where prices marginal increased of INR 200/t.
Today, limited trade activities were seen amid increasing prices. Mills tried to push the market, but buyers showed a lack of interest, owing to unclear trends in raw material prices. As per market participants, prices are likely to hover at these levels in the near future.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
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