The domestic induction furnace (IF) steel market witnessed mixed trends on 6 Jan’22. Steel prices of the mid-sized mills fluctuated in the range of INR 100-500/tonne (t) d-o-d.
Sponge iron and billet prices varied in the range of INR 100-500/t across locations in the country. However, the billet market observed a sharp fall of INR 500/t in Hyderabad and Chennai, while offers increased by INR 450/t in Raigarh.
Re-bar (Fe 500 grade) offers decreased by INR 100-500/t in many regions. On the other hand, a hike of INR 200-400/t was seen in Raipur and Raigarh in central India.
The pan-India market remained dull due to lack of finished steel sales. However, in central India sellers tried to bolster the market by raising offers.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
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