Author: Sagar
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Indian DRI, billet and re-bar update – 8 Dec
The induction furnace (IF) steel market remained supported on healthy demand on 8 Dec’21. Steel prices of the mid-sized mills increased by up to INR 1,500/tonne (t) ($20/t), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers moved up by INR 100-1,500/t across the country following a sharp rise of INR 1,500/t in Hyderabad’s…