Author: Sagar
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Indian DRI, billet and rebar update – 22 Apr
India’s induction furnace (IF) steel market witnessed dull sentiments due to weak demand on 22 April 2022. Offers from medium-sized mills decreased by up to INR 1,500/tonne (t) ($19) d-o-d. Sponge iron and billet prices dropped in the range of INR 200-1,500/t with a major fall seen in Mandi Gobindgarh’s billet market in northern India.…