Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 27 May
India’s induction furnace (IF) steel market witnessed mixed price trends, while offers across mills varied in the range of INR 50- 2,000/tonne d-o-d on 27 May’22. Sponge iron and billet prices fluctuated in the range of INR 50-2,000/t following a decrease of INR 2,000/t seen in Chennai’s billet market. Also, rebar (Fe 500) offers dropped…