Author: Sagar
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Indian DRI, billet and re-bar update – 24 Jan
The domestic induction furnace (IF) steel market witnessed a sharp rise in prices on 24 Jan’22. Steel prices of the mid-sized mills surged by INR 1,000/tonne (t) ($13/t) d-o-d. Sponge iron and billet offers increased in the broad range of INR 50-1,000/t in major markets. A sharp hike of around INR 850-1,000/t was observed in…