Author: Romil Sethi
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Indian DRI, billet and re-bar update – 13 Dec
The induction furnace (IF) steel market saw positive trends prevailing on 13 Dec’21, although buyers remained cautious on account of a sharp surge in prices. Steel prices of the mid-sized mills increased by up to INR 2,000/tonne (t) ($27/t), d-o-d. Semi-finished steel (including sponge iron and billet) offers moved up by INR 400-2,000/t across the…