- Low to moderate trading activities notices across regions
- Prices rise in certain markets on improved late-evening bookings yesterday
India’s induction furnace (IF) steel prices showed mixed trends d-o-d on 14 October 2026. Prices rose in certain markets on improved late-evening bookings yesterday, while trading remained limited overall.
Sponge iron prices showed variation within the range of INR 50-450/t d-o-d, with the sharpest hike of INR 450/t recorded in Durgapur, where prices reached INR 27,600/t. Meanwhile, prices majorly decreased in Hyderabad, Chennai and Bellary markets by INR 200/t.
Billet prices rose by INR 50-1,000/t d-o-d across locations, with the highest increase of INR 1,000/t seen in Ahmedabad to INR 47,000/t.
Rebar (Fe 500) prices increased by INR 200-400/t d-o-d across locations. Prices sharply increased in Ahmedabad by INR 400/t to INR 52,600/t.
Today, prices increased due to improved booking activity in the late evening hours of yesterday’s trading session in both semi-finished and finished steel, which encouraged sellers to raise their offers slightly. However, trading activity remained low-to-moderate today varying region wise, with procurement primarily restricted to immediate requirements.
The conversion spread from sponge iron (PDRI) to billets for the standalone induction furnaces in the Raipur cluster was assessed at INR 16,350/t.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
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