Author: Akshay Bedekar

Buyers stay on sidelines, bulk bookings absent Rising inventory pressure prompts lower offers India’s induction furnace (IF) steel prices fell d-o-d across regions on 28 April 2026. Sponge iron prices decreased in the range of INR 50-300/t d-o-d, with the sharpest decline of INR 300/t seen in Chennai, where prices settled at INR 28,000/t. Billet…