Author: Sagar
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Indian DRI, billet and re-bar update – 6 Dec
The induction furnace (IF) steel market remained weak on 6 Dec’21. Prices of semi-finished steel products of the mid-sized mills declined by up to INR 800/tonne (t) ($11), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers dropped by INR 50-800/t, following a major decline of INR 800/t in the sponge iron market in…