Author: Bhupesh Agrawal

India’s induction furnace (IF) steel market witnessed bearish sentiments today, with mill offers falling by INR 50-550/tonne (t) d-o-d. Sponge iron prices decreased by INR 50-200/t d-o-d. Prices dropped sharply in Chennai by INR 200/t. Billet tags decreased by INR 100-200/t d-o-d, with the highest drop of INR 200/t seen in Hyderabad, and increased INR…