India’s induction furnace (IF) steel market continued to witness dull trading activities on 11 Feb’22. Offers from the mid-sized mills declined futher by up to INR 500/tonne (t) ($7/t) d-o-d.
Sponge iron and billets prices dropped by INR 50-500/t following a major drop seen in billet prices in Jalna and Durgapur.
Rebar (Fe 500) offers fell in the range of INR 100-500/t in many regions across the country. The market remained dull throughout the day due to low demand, fuelling buyers’ hopes that prices may correct further in the coming days.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
Leave a Reply