Author: Sagar
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Indian DRI, billet and re-bar update – 21 Mar
India’s induction furnace (IF) steel market saw active trading on 21 Mar’22 as offers from the mid-sized mills increased by up to INR 3,100/tonne (t) ($40) d-o-d. Sponge iron and billet prices shot up in the range of INR 800-3,100/t, with a significant hike seen in Gujarat, western India. Rebar (Fe 500) offers surged INR…