Author: Bhupesh Agrawal
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Indian DRI, billet, rebar update – 7 May
Market sees limited buying amid bearish sentiment Participants turn cautious amid market uncertainties India’s induction furnace (IF) steel market witnessed bearish sentiments today, with mills’ offers falling by INR 100-500/tonne (t) d-o-d. Sponge iron prices decreased by INR 100-300/t d-o-d. Prices dropped the highest in Ramgarh and Raigarh by INR 300/t. Billet tags decreased by…