- IF mills reduce offers by INR 500/t
- Sponge falls by INR 100-350/t
India’s induction furnace (IF) steel market witnessed negative sentiments today, with mills reducing offers by INR 500/tonne (t) d-o-d on 14 April 2025.
Sponge iron prices decreased by INR 100-350/t d-o-d, with the sharpest fall of INR 350/t seen in the Raigarh market.
Billet tags declined by INR 100-500/t d-o-d with the highest decline seen in the Hyderabad and Raipur markets (by INR 500/t).
Rebar (Fe 500) prices decreased by INR 100-500/t d-o-d. Prices dropped the deepest in Durgapur, by INR 500/t.
Overall, the market remained volatile throughout the day along with steady trading activity. However, buying interest was low as the past few days were characterised by uncertainty over offers.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
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