Author: Akshay Bedekar

Buyers stay on sidelines, bulk bookings absent Manufacturers reduce offers amid dull trading activities India’s induction furnace (IF) steel prices fell d-o-d across regions on 5 May 2026. Sponge iron prices decreased by INR 50-400/t d-o-d, with the sharpest decline of INR 400/t recorded in Bellary, where prices settled at INR 26,200/t. Billet prices dropped…