Author: Sudhasha Talreja

Prices in India’s induction furnace (IF) steel market saw a downtrend today, with mills reducing offers by INR 50-800/tonne (t) d-o-d across various markets compared to the previous trading session. Sponge iron prices declined by INR 100-300/t, with Raigarh experiencing the steepest drop. Billet prices plunged by INR 50-800/t. The sharpest fall was noticed in…