Author: Romil Sethi
-
Indian DRI, billet and re-bar update – 29 Nov
The Indian induction furnace (IF) steel market witnessed positive sentiments on active demand on 29 Nov’21. Semis prices of the mid-sized mills increased by up to INR 500/tonne (t) ($7/t), d-o-d. Semi-finished steel (including sponge iron and billet) offers moved up by INR 100-500/t and a major rise of INR 500/t was seen in Hyderabad’s…