Author: Vinay Tiwari

Prices decline as demand remains muted all day Offers may increase if bids rise in OMC auction India’s induction furnace (IF) steel market witnessed subdued sentiment on 18 February 2026. Prices fell by INR 50-200/t d-o-d in most markets. Sponge iron prices declined by INR 50-100/t d-o-d across all regions amid subdued trade sentiment. Billet…