Author: Sudhasha Talreja

India’s induction furnace (IF) steel market prices plunged on 6 February, 2024, as offers floated by the mills declined in the range of INR 50-450/tonne (t) d-o-d compared to the previous trading session. Sponge iron prices dropped in the range of INR 50-400/t. The sharpest drop was seen in the Ramgarh market. Billet prices fell…