Author: Akshay Bedekar
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Indian DRI, billet, rebar update – 11 May
Limited trade activities observed d-o-dĀ Rising Inventories and cautious steel demand weigh on market India’s induction furnace (IF) steel prices fell d-o-d across regions on 11 May 2026. Sponge iron prices varied by INR 100-300/t d-o-d, with the sharpest decline of INR 300/t recorded in Chennai, where prices settled at INR 26,700/t. However, prices rose…