India’s induction furnace (IF) steel market witnessed an upward price trend while offers from the medium-sized mills increased by up to INR 800/tonne d-o-d, on 20 May.
Sponge iron and billets prices rose in the range of INR 100-600/t following a INR 600/t increase in Durgapur sponge iron prices.
Also, rebar (Fe 500) offers were up in the range of INR 200-800/t across regions. Prices surged by INR 800/t in Muzzaffarnagar’s market.
Semi-finished prices witnessed a positive trend while finished steel prices remained stable. Higher coal prices are keeping the market volatile.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
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