Author: Sagar
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Indian DRI, billet and re-bar update – 20 Dec
The induction furnace (IF) steel market witnessed thin trading on 20 Dec’21. Prices of semi-finished steel products of the mid-sized mills declined by up to INR 700/tonne (t) ($9/t) d-o-d. Semi-finished steel (including sponge iron and billet) offers decreased by INR 50-700/t across the country. However a sharp fall of around INR 700/t was observed…