- Jalna sees INR 800/t price hike in rebars
- Trade stays moderate amid cautious sentiment
India’s induction furnace (IF) steel market witnessed positive sentiments on 26 June, with mills’ offers increasing by INR 100-800/tonne (t) d-o-d.
Sponge iron prices increased by INR 10-200/t d-o-d, with the highest rise of INR 200/t seen in Durgapur and raipur.
Billet tags increased by INR 50-600/t d-o-d, with the steepest rise of INR 600/t recorded in Mumbai.
Rebar (Fe 500) prices increased in the range of INR 100-800/t d-o-d. The sharpest rise of INR 800/t was seen in Jalna.
Overall, the market witnessed a slight rise in offers. Trades were moderate throughout the day, as buyers remained cautious regarding bulk bookings.
Click here for brand-wise rebar details
BigMint’s price assessment (region-wise)
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