Author: Sagar
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Indian DRI, billet and re-bar update – 9 Dec
The induction furnace (IF) steel market continued to remain supported on healthy demand in the first half of today’s trading session. However, the market turned slow in the second half. Steel prices of the mid-sized mills increased by up to INR 1,100/tonne (t) ($14/t), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers moved…