Author: Sagar
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Indian DRI, billet and re-bar update – 16 Dec
The induction furnace (IF) steel market remained supported on 16 Dec’21. Prices of semi-finished steel products of the mid-sized mills increased by up to INR 650/tonne (t) ($8), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers raised by INR 50-650/t, following a major hike of INR 650/t in Ramgarh’s billet market (eastern India).…