Author: Rounak Gairarey
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Indian DRI, billet and re-bar update – 3 Nov
The Indian induction furnace (IF) steel market witnessed dull sentiments on 3 Nov’21 due to limited spot trading activity as festive fervour gripped the market, as per SteelMint assessment. Steel prices of the mid-sized mills dropped by up to INR 1,000/tonne (t) ($13) on a day-to-day basis. Semi-finished steel (including sponge iron and billet) prices…