Author: Sagar
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Indian DRI, billet and re-bar update – 29 Dec
The domestic induction furnace (IF) steel market remained dull on 29 Dec’21. Prices of secondary steel of the mid-sized mills declined by up to INR 700/tonne (t) ($9/t) d-o-d. Sponge iron and billet prices decreased in the range of INR 50-700/t across the country with a major fall of INR 650-700/t seen in Durgapur and…