Author: Romil Sethi
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Indian DRI, billet and re-bar update – 15 Dec
The induction furnace (IF) steel market remained weak on 15 Dec’21. Prices of semi-finished steel products of the mid-sized mills declined by up to INR 500/tonne (t) ($7), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers dropped by INR 100-500/t, following a major decline of INR 500/t in the billet markets in Ahmedabad…