India’s induction furnace (IF) steel market saw dull response at prevailing offers. Prices decreased by INR 400/tonne, d-o-d on 10 January, 2023.
Sponge iron offers dropped by INR 100-300/t. The highest decline was seen in the Durgapur and Raipur sponge iron market.
Meanwhile, billets prices fell in the range of INR 100-300/t across regions with the maximum fall seen in Jalna billet market.
Also, rebar (Fe 500) offers edged down by INR 100-400/t across regions. The highest drop of INR 400/t was seen in Delhi, Durgapur, Jalna and Bangalore.
Prices of semi-finished steel fell during the first half today, however, later on offers increased slightly, especially in the central and eastern regions, enquiries too improved in finished long segment.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
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