Author: Sagar
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Indian DRI, billet and re-bar update – 7 Mar
In India’s induction furnace (IF) steel market, prices remained supported on 7 Mar’22. Offers from the mid-sized mills rose further by up to INR 3,900/tonne (t) ($50/t) d-o-d. Sponge iron and billet prices increased in the range of INR 700-2,400/t, with the maximum hike seen in Raigarh’s billet market. Rebar (Fe 500) offers also increased…