Author: Akshay Bedekar

Limited trades as buyers exercise caution Inventory glut, liquidity crunch hit market India’s induction furnace (IF) steel sector witnessed fall in prices on 25 November 2024. Offers announced by mills lowered by INR 100-600/tonne (t) across markets compared to the previous trading session. Sponge iron prices fell by INR 100-250/t d-o-d, with the steepest drop…