Author: Bhupesh Agrawal
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Indian DRI, billet, rebar update – 9 Jun
India’s induction furnace (IF) steel market witnessed subdued sentiments, with mill offers falling by INR 100-500/tonne (t) d-o-d. Sponge iron prices decreased by INR 50-400/t d-o-d, with the highest drop of INR 400/t seen in Hyderabad. Billet tags declined by INR 100-500/t d-o-d, with the steepest fall of INR 500/t recorded in Mumbai. However, in…