Author: Sagar
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Indian DRI, billet and re-bar update – 21 Dec
The induction furnace (IF) steel market witnessed a decline in prices on 21 Dec’21. Prices of semi-finished steel products of the mid-sized mills dropped by up to INR 700/tonne (t) ($9/t) d-o-d. Sponge iron and billet offers decreased by INR 50-600/t across the country, with a major fall of INR 600/t seen in the central,…