Author: Abhishek Rai
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Indian DRI, billet and re-bar update – 7 Mar
India’s induction furnace (IF) steel market witnessed negative price trends, while offers floated by the mills decreased by up to INR 350/tonne (t) on 7 March, 2023. Sponge iron prices edged down by INR 100-350/t. Prices witnessed a decline of INR 350/t in Raigarh. Billet prices declined in the range of INR 100-300/t. Prices fell…