Buyers stay cautious amid weak demand Benchmark offers rise on mill hikesTrade-level prices of hot-rolled coils (HRC) across Indian markets held range-bound w-o-w on 12 May 2026 to INR 56,700-59,800/t
Muted downstream demand weighs on semis Finished steel prices extend decline in RaipurBigMint's billet index in Raipur declined by INR 300/t day-on-day to INR 40,250/t exw on 12 May 2026, as weak downst
Dull buying enquiries kept market sentiments soft Rising Inventories and cautious steel demand weigh on marketIndia's induction furnace (IF) steel prices fell d-o-d across regions on 12 May 2026.Spong
Iron ore port prices fall on weak demand Mills maintain firm billet export offersChinese billet prices decreased by RMB 20/t ($3/t) d-o-d to RMB 3,100/t ($456/t) on 12 May, while rebar futures also decli