Author: Sagar
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Indian DRI, billet and re-bar update – 19 May
India’s induction furnace (IF) steel prices fluctuated sharply with offers of the medium-sized mills varying in the range of INR 50-1,100/t d-o-d on 19 May 2022. Sponge iron and billets prices witnessed a variation of INR 50-650/t. However, the market seemed to be dull in southern and western parts of India. Also, rebar (Fe 500)…