Author: Sagar
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Indian DRI, billet and re-bar update – 17 Dec
The induction furnace (IF) steel market witnessed poor demand and thin trading on 17 Dec’21. Prices of semi-finished steel products of the mid-sized mills declined by up to INR 600/tonne (t) ($8/t) d-o-d. Indian semi-finished steel (including sponge iron and billet) offers decreased by INR 50-500/t. A major correction of INR 500/t was seen in…