Author: Bhupesh Agrawal

India’s induction furnace (IF) steel market witnessed subdued sentiment, with mill offers falling by INR 50-500/tonne (t) d-o-d. Sponge iron prices decreased by INR 50-200/t d-o-d, with the highest drop of INR 200/t seen in Raigarh. Billet tags declined by INR 100-500/t d-o-d, with the steepest fall of INR 500/t seen in Chennai. Rebar (Fe…