Author: Sudhasha Talreja

India’s induction furnace (IF) steel market prices dropped further on 5 June, 2024. Offers announced by the mills plunged in the range of INR 150-800/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices decreased by INR 150-650/t, with Ramgarh market witnessing the sharpest drop. Billet prices fell by INR 200-600/t. The steepest…