Author: Sagar
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Indian DRI, billet and re-bar update – 30 Nov
The Indian induction furnace (IF) steel market witnessed optimistic sentiments on 30 Nov’21. Prices of semi-finished steel products of the mid-sized mills increased by up to INR 900/tonne (t) ($12/t), d-o-d. Dometic billet offers moved higher by INR 50-400/t following a major rise of INR 400/t in Ramgarh’s billet market. However, the sponge iron market…