- Buyers stay on sidelines, engage in need-based purchases
- Prices likely to remain volatile in coming days
India’s induction furnace (IF) steel prices showed mixed trends d-o-d across regions on 14 August 2026.
Sponge iron prices varied by INR 50-200/t d-o-d, with the sharpest decline of INR 100/t recorded in Hyderabad to INR 27,200/t. Meanwhile, prices increased in Durgapur by INR 200/t to INR 24,950/t.
Billet prices decreased by INR 50-400/t d-o-d across locations, with the highest decrease of INR 400/t recorded in Ahmedabad, where prices reached INR 41,800/t.
Rebar (Fe 500) prices fluctuated by INR 100-300/t d-o-d. Prices fell by INR 300/t in Raigarh location to INR 40,200/t. However, sharpest increased seen in Hyderabad market by INR 200/t to INR 45,000/t.
Today’s market witnessed limited trading activity. The correction was seen in a few locations driven by slower sales and weakening fresh bookings, which capped any upward momentum. Market participants reported that buyers restricted procurement to immediate requirements, while dispatches and material lifting continued against previously booked orders.
Prices are expected to remain volatile during the week, with market direction likely to depend on the pace of any new order bookings and improvement in end-user demand.
The conversion spread from sponge iron (PDRI) to billets for the standalone induction furnaces in the Raipur cluster was assessed at INR 12,750/t.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
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