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Weekly: Indian Steel market volatile as prices fluctuate

ABSTRACT

Indian spot steel trade remained volatile during Week 37 (6 Sept-11 Sept’21). The Indian semi-finished steel market saw volatility in prices. However, domestic billet prices fluctuated by INR 100-300/t; sponge iron prices fluctuated by INR 100-750/t.
This week, the induction furnace finished long steel market observed weak buying enquiries across regions. Re-bar steel manufacturers adjusted tradable prices by INR 100-600/t, w-o-w, except in the western region markets where prices fell sharply by INR 1,500-1,700/t, SteelMint assessment shows. The domestic HRC market remained stable throughout the week. Major

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