Author: Bhupesh Agrawal

India’s induction furnace (IF) steel market witnessed subdued sentiments today, with mills’ 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 20/t seen in Raigarh. Billet tags declined by INR 100-200/t d-o-d, with the steepest fall of INR 200/t seen in Ahmedabad and…