Author: Akshay Bedekar

Dull buying enquiries kept market sentiments soft Rising Inventories and cautious steel demand weigh on market India’s induction furnace (IF) steel prices fell d-o-d across regions on 12 May 2026. Sponge iron prices decreased by INR 100-450/t d-o-d, with the sharpest decline of INR 450/t recorded in Ramgarh, where prices settled at INR 24,950/t. However,…