Author: Abhishek Rai
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Indian DRI, billet and rebar update – 16 Feb
India’s induction furnace (IF) steel market saw positive price trends, while offers across mills increased by up to INR 900/tonne d-o-d on 16 February, 2023. Sponge iron prices increased by INR 250-700/t. Prices saw a hike in Bellary’s sponge iron market by INR 700/t. Billet prices increased in the range of INR 200-600/t. Prices rose…