[SMM Steel] India Domestic Steel Prices Rise Across Key Markets

Published: Aug 31, 2026 18:07

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[India Domestic] India’s domestic steel market strengthened with semi-finished and finished steel and prices rising across key markets. Price gains were supported by firmer market sentiment and higher trading activity. Rebar prices up by 12.58USD/tonne (1,200INR/tonne) to 519.81USD/tonne (49,600INR/tonne) EXW Mumbai. Billet rose by 10.48USD/tonne (1,000INR/tonne) to 486.28USD/tonne (46,400INR/tonne) delivered Mandi. Ingot up by 10.48USD/tonne (1,000INR/tonne) to 486.28USD/tonne (46,400INR/tonne) EXW Mandi. Ingot rose by 12.58USD/tonne (1,200INR/tonne) to 510.38USD/tonne (48,700INR/tonne) EXW Ludhiana. PDRI sponge iron prices up by 6.29USD/tonne (600INR/tonne) to 311.26USD/tonne (29,700INR/tonne) EXW Raipur. PDRI sponge iron prices up by 2.10USD/tonne (200INR/tonne) to 306.02USD/tonne (29,200INR/tonne) EXW Bellary.

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