Author: Sagar
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Indian DRI, billet and re-bar update – 24 Dec
The domestic induction furnace (IF) steel market witnessed positive sentiments on 24 Dec’21. Prices of secondary steel products of the mid-sized mills increased by up to INR 1,200/tonne (t) ($16/t) d-o-d. Sponge iron and billet prices moved up by INR 300-900/t across all locations in the country, following a major hike of around INR 900/t…