India’s induction furnace (IF) steel market saw mixed trends prevailing on 27 Apr’22, as offers floated by the mid-scale mills varied over a broad range of INR 50-1,000/tonne (t) d-o-d.
Sponge iron and billet prices varied across a wide range of INR 50-1,000/t following a sharp hike of INR 1,000/t in Mandi Gobindgarh’s (northern India).
Also, rebar (Fe 500) offers fluctuated in the range of INR 100-1,000/t across different regions. Prices witnessed a sudden decline in Mandi Gobindgarh and Muzaffarnagar’s makret with INR 1,000/t.
As coal prices continue to remain elevated, suppliers rising offers with satisfactory buying noticed in the market. Rising raw material prices kept offers and trades vacillating today, SteelMint notes.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
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