Author: Bhupesh Agrawal

India’s induction furnace (IF) steel market witnessed subdued sentiment, with mills’ offers falling by INR 100-500/tonne (t) d-o-d. Sponge iron prices decreased by INR 100-300/t d-o-d, with the highest drop of INR 300/t seen in Ramgarh. Billet tags declined by INR 100-300/t d-o-d, with the steepest fall of INR 300/t seen in Mumbai and Rourkela.…