Author: Sudhasha Talreja

India’s induction furnace (IF) steel market prices followed a downward trend on 4 June, 2024. Offers announced by the mills dropped in the range of INR 150-700/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices dropped by INR 150-600/t, with Durgapur market witnessing the sharpest drop. Billet prices fell by INR 200-700/t.…