Author: Akshay Bedekar

Muted demand, liquidity crunch pressure sentiment Elevated inventories force mills to reduce prices India’s induction furnace (IF) steel market experienced dull trading today. Offers floated by mills dropped in the range of INR 100-600/tonne (t) d-o-d. Sponge iron offers declined by INR 100-300/t d-o-d. Prices decreased the steepest in Durgapur, by INR 300/t. Although, Prices…