- Mills lift offers by INR 100-400/t
- Trade activity remains moderate
India’s induction furnace (IF) steel prices increased d-o-d on 18 March 2025. Across markets, mills raised their offers by INR 100-400/tonne (t) compared to the previous trading session.
Sponge iron prices rose by INR 100-250/t d-o-d, with the highest increase seen in the Raigarh market except in Hyderabad market where prices inch down by INR 100/t.
Billet tags increased by INR 100-300/t d-o-d, with the steepest hike seen in the Hyderabad, Mumbai and Raigarh regions.
Rebar (Fe 500) offers climbed up by INR 100-400/t d-o-d, with the sharpest rise witnessed in the Raigarh and Raipur clusters.
Today, the market witnessed positive price movements, majorly in the finished steel segment, though the extent varied location-wise. However, trading activity was relatively moderate. As per market participants, prices will remain supported in the near term.
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BigMint’s price assessment (region-wise)
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