Author: Vinay Tiwari

India’s induction furnace (IF) steel market followed a downward price trend across commodities today. Mills’ offers dropped by up to INR 450/tonne (t) compared to the previous trading session. Sponge iron prices decreased in the range of INR 100-300/t with the highest fall seen in the Raigarh and Jharsuguda markets. Billet prices fell in the…