Author: Sagar
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Indian DRI, billet and re-bar update – 3 Dec
The induction furnace (IF) steel market continued to fall further on 3 Dec’21. Prices of semi-finished steel products of the mid-sized mills declined by up to INR 1,000/tonne (t) ($13), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers dropped by INR 300-1,000/t, following a major decline of INR 1,000/t noticed in Durgapur and…