Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 18 Aug
India’s induction furnace (IF) steel market witnessed negative price trends, while offers across mills decreased by up to INR 700/tonne d-o-d on 18 August. Sponge iron prices fell by INR 150-500/t. Prices decreased in Durgapur’s sponge iron market by INR 500/t. Billet prices dropped by INR 300-700/t. Prices fell by INR 700/t in Chennai’s billets…