Author: Bhupesh Agrawal

Need-based buying drags down prices Prices likely to remain under pressure India’s induction furnace (IF) steel market witnessed subdued sentiments today, with mills’ offers falling by INR 50-300/tonne (t) d-o-d. Sponge iron prices decreased by INR 100-250/t d-o-d, with the highest drop of INR 250/t seen in Raigarh and Durgapur. Billet tags declined by INR…