Author: Sagar
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Indian DRI, billet and re-bar update – 10 Dec
The induction furnace (IF) steel market turned slow due to weak demand in today’s trading session. Steel prices of the mid-sized mills corrected by up to INR 700/tonne (t) ($9/t), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers declined by INR 100-500/t across the country, however prices raised by INR 200-400/t in Chennai…