Author: Sagar
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Indian DRI, billet and re-bar update – 1 Dec
Bearish sentiments prevailed in the Indian induction furnace (IF) steel market due to poor demand on 1 Dec’21. Prices of semi-finished steel products of the mid-sized mills dropped by up to INR 1,000/tonne (t) ($13/t), d-o-d. Indian semi-finished steel (including sponge iron and billet) offers declined by INR 200-1,000/t, with a major fall of INR…