Author: Bhupesh Agrawal

India’s induction furnace (IF) steel market witnessed subdued sentiments, with mill offers falling by INR 100-300/tonne (t) d-o-d. Sponge iron prices decreased by INR 100-200/t d-o-d, with the highest drop of INR 200/t seen in Ramgarh. Billet tags declined by INR 100-300/t d-o-d, with the steepest fall of INR 300/t recorded in Raigarh. Rebar (Fe…