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Softening raw material costs drag down steel prices across South India

Source: BigMint Apr 21, 2026 09:30

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Central region supply influx exerted pressure, driving price declines in South India. MS Billet prices declined by INR 800-1,000/t w-o-w

Sponge Iron Sponge iron prices in Bellary witnessed a correction of around INR 1,100/t week-on-week, settling at approximately INR 27,700/t as of 17th April 2026. The primary reason behind this decline is the softening of raw material costs, particularly non-coking coal, along with reduced buying interest from steel smelters at

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