Author: Kameshwar Rao
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Softening raw material costs drag down steel prices across South India
Central region supply influx exerted pressure, driving price declines in South India MS Billet prices declined by INR 800-1,000/t w-o-w Sponge Iron Sponge iron prices in Bellary witnessed a correction of around INR 1,100/t week-on-week, settling at approximately INR 27,700/t as of 17th April 2026. The primary reason behind this decline is the softening of…