Author: Kameshwar Rao

 Inventory levels are rising despite production cuts  M.S Billet prices down by INR 1,500/t w-o-w Sponge Iron & Melting Scrap :  Sponge iron prices in the Bellary cluster have declined by INR 400/t week-on-week (w-o-w) to INR 25,400/t as of 22nd May 2026. The key reason behind this price correction is weak demand in the…